I have arranged for Servpro to take a look at the property in person to give me a quote for this job.

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.

The tenant has two types of coverage: liability and personal property.

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.

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

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

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

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

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

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