If you don't want to accept them, you could tell them you are waiting to see if you have other applications to make a final decision so as not to turn down the only qualified application you have, then risk a lawsuit.Here are some ideas to check:- Does the town limit the number of unrelated people living together?

We do qualify to refi without adding but we are then paying the mortgage out of pocket.Our thoughts are to use the existing infrastructure to build out the 5 bedroom house, then house hack.

You can exit your hard money loan to conventional with lower rates + assuming you have the sufficient income to qualify.

Have to have lived in it for 2 of the previous 5 years to qualify for 121. 

The projects that are going up are built with less than qualified help, cheap materials and rushed to the point of poor craftsmanship all around.

Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.

You can take advantage of bonus depreciation and sec 179 (if qualified).

I would probably try to speak with them face-to-face or on the phone and finish the conversation by telling them you will send them a formal letter shortly with the exact date after you talk with your contractor/partner, etc. 

I live fairly frugally, and my student loans from med school are low as I qualified for lots of scholarships and have a great repayment plan.

We also ask for 2 months worth of most recent paystubs & bank statements in order to qualify tenants.