Most of them don’t qualify, but often they are not going to tell you the truth – you have to figure it out through your screening process.Evictions for Cause and for Non-Payment: The frequency of needing court filings and eviction proceedings is higher than any other property I’ve ever managed.

Anything over 3 units I don’t qualify for first time buyers loan and have to put up 20% because it’s considered commercial… What do you think I should do now?

Goal: To attract prospects and turn them into qualified leads for real estate transactions.

This allows you to recognize the loss associated with the disposed component without having to wait until the entire property is disposed of.In your case, the replacement of the roof due to hail damage would qualify as a partial disposition event.

Also will I have to buy the first rental under LLC to qualify for the 3% down loan later?

Finding caregivers who are not only qualified but also compassionate is essential.

The STR deal could be the best option if I understand your situation correctly, except I would probably do this as a cash-out refi and just use the combination of booking history + AirDNA projected income to qualify (if not operated as a STR for a year).

Yes, 1031 exchange went through qualified intermediary, so i am good with the exchange documentation

I live in Colorado where I've noticed programs that are income restricted while they have great and important intentions - it's so limiting because the folks who both have a high enough income to qualify for the mortgage yet also low enough to make income qualifications are such a small small % of the population it makes it almost impossible to meet both criteria at once. 

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.