OTOH, in this case, where you have a residential property in what sounds like a largely commercial area, you have a somewhat unusual situation.  

It's an unusual deal but might work out well. 

We are in an unusual time to start investing, the wave has started and is still growing, but eventually it will crash again.  

For myself, I've only worked for one mortgage company, so I only know what *we* do behind the scenes, not what anyone else necessarily does.So I'm going to throw this out there as a question to others: Am I reading/interpreting correctly that it is UNUSUAL that we (at most, and sometimes) just make you take a little 20 minute online landlord course and boom we can use rental income with no landlord experience?

Thanks I have no idea if that is true or not in your state or market, but that would be unusual in my area.

That is unusual.

It's not unusual (at least in FL) for claims to be rejected.

I have had a fair few challenges over the last 12 months.I have had 5 tenants move out/not renew their lease, very unusual, this is in the Atlanta market. 

Hi all, 4 people (Myself, my girlfriend, girlfriend's sister and her boyfriend) just completed a flip that will go up for sale this week. Do you have any guidance on how taxes would work in this situation?My girlfrien...

Originally posted by @Jay Hinrichs:Originally posted by @John Thedford:@Jay Hinrichs One sided depends on developer Unusual?