Hi Kristi,VA loans do have flexible debt to income ratio requirements, unlike every other loan.

Not only is it very difficult but also leads to poor real estate investment decisions/ rejecting opportunities that require patience while attempting to achieve the W2 replacement as quickly as possible.

There are lots of hard money options (or maybe not "lots" but not too uncommon) with no appraisal required - that makes the offer equivalent to cash (closing within a couple days and no appraisal contingency - its out there)The lender still has to ok the deal, appraisal or not.

It's not fraud or anything because you are, in fact and in reality, converting it into something that is not a bathroom and doesn't require any permits.

The answer is NO, based on the language of Section 152(c)(3)(A):...an individual meets the requirements of this paragraph if...

If you operate under an LLC or other business structure, are there tax implications or requirements I should be aware of when paying myself?

Lesson two: The Polytech area has a lot of potential but requires careful planning for the scope of work.

Lesson two: The Polytech area has a lot of potential but requires careful planning for the scope of work.

What considerations would be required to address before making a “Yay or Nay” decision to move on an out of state multifamily property.Toughts anyone? 

My current solution of using Baselane is by far the most cost effective and easiest, but it still requires that I spend time bookkeeping.