My take on this is to underwrite purchases based on expected LTR rents (I like rentometer and the BP's own rental estimator), but start charging 1.5x that rent for your MTR.

You can get a "renovation heloc" which will give you a heloc based on the ARV of your property.

He is based out of Mooresville, NC in the Lake Norman Area.

Base the amount of podcast I watched, I know it's very possible but with limited finance, it seems out of my reach.

The appeal, in my experinence, is a steady local base plus some vacationers passing through.I’ve got a freind who scooped up a place near the Ozarks and found that while huge cash flow was harder to come by, the consistent occupancy gave them fewer headaches over time.

Hi Kylie,I definitely know that finding the right business bank account can be challenging, but here are a few suggestions based on your what you've told us:For Wire Transfers: Consider Mercury Bank or Novo.

After owning the property for 1 week and putting in a lot of sweat equity, I've concluded that I want to keep the Inherited tenants based on the condition of their living space and the quality of the people, Knowing I want to keep them to save myself the headache of a  turnover and vacancy of a projected move out If I were to suddenly increase rents. 

This allows them to get more capital so they can make more loans without having to grow their asset base, while also maintaining their relationship with the customer through monthly payments.

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

Some lenders work with 220+ lenders and can really understand which lenders are best for you based on your situation.