Unless you revise your plan and ensure that your personal use is under 10% of the rental use.

Hi Bruce, i'll start by saying i'm a mortgage person, so please understand the context in which my response is coming from. you'd need to create CC&Rs/bylaws and establish an HOA in order to do this.

I used $80k to pay off personal debts and $50k to remodel it by myself with my two hands.

I would still use quickbooks to track the finances in that account snd all rental associated finances (we use it to track are personal finances also). by the way it is worth the cost of paying someone good with quickbooks to do the initial setup.  

For comparison, a Navy Federal FCU personal loan will be in the 15s%

@Ryan WasherHey everyone, I'd be interested in attending an in-person or virtual meet up also.

If the home was still your primary residence throughout 2024 and not actively listed for rent, it would typically remain classified as a personal residence until the lease began.

Recently had a conversation with an MLO who had their license with Company A (NMLS regulated) and then on the side, this person conducted commercial-only business loan-related activity by starting their own LLC (company B) in the states where no mortgage licenses are required.

Personalizing your message to the individual recipient is the best way to avoid this.

You will quickly find, as you generate local person-to-person relationships, how many opportunities open up!