And, yes, you don't get any current savings if you can't use the losses.

We currently live in Houston, TX but we will be relocating to the Seattle/Bellevue area this summer for work.

The property is currently tenant occupied on a month to month lease at $1150 per month.

You would need to bring everything up to code currently and that's going to be cost prohibitive.

I am currently working/studying on getting my RE license online.

I am not yet familiar with the management fees for an STR yet as we self manage, however Cleveland itself is currently STR friendly and just requires them to be registered if you have stays over 90 days and then you register with the city and pay $35.

You’ll need to thoughtfully evaluate the timing for flipping, renting, or bundling properties for bulk sales, all while considering current market conditions and your financial objectives.Balancing Flips vs.

In high-cost markets like Chicago, that can be tough to meet.If you're looking at a duplex, the self-sufficiency test doesn’t apply, so you’d just need to qualify based on your personal income and the rental income your lender allows.If your current lender isn’t familiar with making FHA work in your situation, it might be worth getting a second opinion from someone experienced with FHA multi-unit financing.

It seems like everyone is preparing for a big boost.The current growth rate seems feverish but I've seen a lot of houses going up to prepare for the influx of population.If you have any questions, I'm available to answer them.

👋I’m currently looking to invest in a single-family home in the Dallas area with a budget of $300K.