Never talk about being an agent unless the question explicitly concerns that.

But each little area has a rule concerning short term rentals.  

To answer the 3 year concern it helps establish trends for the business, and tell me how well things are going, better, the same or worse over time.

Also appreciate the monitoring advice concerning security deposits.

We have the same concerns and I am hoping we can get more responses from the veterans here.

If you’re focusing on specific property types (single-family, multifamily, or fix and flips), I’d be happy to help analyze the financials of the deals, without any concern about me sniping any good ones you find for myself, haha.Let me know how I can assist!

How did the agent’s concerns affect your listing and presentation of the house?

There aren’t even sidewalks yet.. so while I think appreciation is certainly possible, I’d be concerned the growth would take very long and rent value would take longer.

The one think I would add to the conversation is you say you will not be selling within the next 5 years so the PPP is not a much of a concern.

Hi Jason, For conventional loans concerning rental properties reported on your PERSONAL tax returns, underwriters will calculate your net rental income based on your Schedule E from your most recent tax return (using Fannie Mae form 1038), depreciation and depletion can be added back in to offset the expenses of the property.