Not a major rehab - flooring, paint, and some misc. work  - not a full blown renovation.PS: I wish BP could really have a search function because the current one sucks. 

I also converted the other side of the property (it's a functioning duplex) into an Airbnb / Short Term Rental.

Hello Kelly, You might be surprised, but you can actually get an Bed and Breakfast loan with the SBA 7a Program.

I am looking forward to enrol in their program.

This question is asked a lot and there's a ton of value by just reading those previous conversations.In short, there are pros and cons to the program.

@Timothy Fortin As Michael's superb content here and elsewhere emphasize, cost segregation services are tightly intertwined with broader tax functions typically provided by accountants.

Here's the general outline for them:Renovation loan programs can finance the purchase and renovation of a home in one loan.

Depending on the program, pre payment penalty may get triggered if you make additional principal payments within the PPP time period.

So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.Some foreign national loan programs will assign a 680 credit score to the loan since foreign credit won't be considered for this loan program. 2.

You have to careful in screening making sure you are trying to rent to the right person if you are waiting for a perfect tenant you may stay empty for a long time so you have to know what is the best tenant in that area for that apartment, it might section 8, or some other program recipient. # 2 the people in these neighborhoods Are generally low income, so they will fight about damages cause they don’t have the money to fix it, # even if you screen you still can end up with a bad tenants boyfriend or girlfriend who is crazy or sells drugs And say they don’t live there but is always there.