What is the credit card merchant fee?  

An idea we have is, I am burnt out from W2 life, and wife makes great money (+$300k) , and I could take the year to repair/renovate, manage, rent, repeat the units in the MF qualifying for REPS status (50%, 750hrs, material participation, etc). 

Buyer agrees to an assignment of this contract to TowneBank, a qualified Intermediary of the Seller.

Do you still need to use a third party Qualified Intermediary ?  

On the flip side, another client of mine used the premium option and got a highly qualified tenant almost immediately.

Curious if anyone has had success (or failure) qualifying for RE Professional status with an STR, even if not self managing?

Additionally, you'll have business income showing up and might qualify for some business lines of credit to tap into as well.

A good, well-qualified borrower will rarely get into trouble.

Thank you everyone @Ashish Acharya @John Bowens   @Gino Barbaro  @Jacqueline WrightWe'll be staying out of our Traditional and Roth IRAs then for this.And we aren't ready for and aren't qualified for a self directed IRA at this time, so we'll not go that route.The loan out of the 401K is interesting. 

Can I qualify as a First Time Home Buyer and utilize FHA or similar programs?