@Natalie Kolodij was providing you with examples of services provided that would be adding to the convenience of the guest this they would be subject to SE taxes.The key question is are you just collecting rents (no SE tax) or are you adding services (there will be SE tax)Hope this helps clarify

Hope all this helps! 

Happy to help --

I am sure you will find lots of help down that path here though. 

Home 1 is ideal for a fix-and-flip loan to fund the remaining $90K, which I can help you evaluate options.

I second what has been said about using a HELOC to help fund your purchase and rehab.

I worked with a realtor to help me find this one.

My wheelehouse is long term management of investment properties, but I do have a good relationship with a loca Chattanooga broker who helps investors in the area.

It’s crucial to ensure that your cash reserves can cover not only the mortgage but also unexpected expenses during the remodel.The 30% housing rule is a helpful guideline to avoid overextending yourself, and ideally, you should be comfortable with your monthly housing costs even without rental income.

I hope it helps other people who are trying to make a decision.