I would like to start close to home as I plan to self manage the rental side of it.

If the government wants the debt to drop, forcing interest rates lower would likely help that by stimulating the economy.

You may need to replace insulation, sheetrock, or even framing material.The only way I would touch it is to have a contractor give me an estimate for renovation, then lower the price far enough to handle that renovation.

This active income can help me fund my retirement as well as help me get reimbursement for home office and health care premium while lower my tax liability.

Tenants in lower Classes will have lower credit scores, which means higher chance of defaulting on their lease payments.

I already have some equity in the property after doing a complete rehab but I don't want to diminish my returns selling it after one year, paying for commissions/closing costs.

Every time you lower your tax bracket you are lowering the value of the deductions.

The great part about contacting the CDC directly (and a large one such as TMC) is they can make referrals to banks that would be interested in your project (i.e. banks that have been actively doing SBA hotel loans)...rather than you having to chase down the bank first, which can be very difficult.Regular commercial lending requirements are applicable (will vary by bank):1 - no bankruptcies2 - no foreclosures3 - FICO > 7004 - net worth >= loan amount5 - post closing liquidity >= 12 months of P&IIf this works out, you are going to be glad that you made this post.

Many don’t track this statistic as closely as they should which is why many lenders go under.

Smart thermostats, in particular, can help you monitor energy use and lower costs between stays.I hope everyone’s experiences and perspectives help guide you as you start this journey!