I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

Explore detailed population growth statistics at the Federal Reserve Bank of St.

Airbnb is considered STR (short-term rental).

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

The terms remain the same, we still pay the monthly mortgage payment.

I think it would be better just to stay on good terms and let him know you will contact him when you are ready to sell.

I mean myself and any bank would need more details, but if you utilize that large sum as a downpayment and have a small mortgage, wouldn't you easily qualify for the debt to income?

Feel free to send me your preferred contact details or schedule a time that works for you.Looking forward to connect! 

I’m torn between going the wholesaling route or sticking with long-term rentals. 

DSCR loans can be helpful for the rentals you have depending on the details.