Mid term rentals are some what of the odd man out when it comes to DSCR guidelines.There are guidelines which utilize short term rents, and guidelines that utilize long term rents.You can use the projected income on a short term basis to qualify for the loan if the number work right.

However they had to have the laws changed in order to operate, which only happened because of a specific set of circumstances involving a huge flood and the owner being friendly with the mayor.

It’s wise to involve an experienced attorney.7.

You may be better served fixing your credit rather than involving an equity partner at this early stage of your investing career.  

I found it odd that she waited that amount of time for an emergency type of situation @Gabe R.

However, this might involve significant upfront costs and logistical challenges.

I’m also involved in multi-family investments and specialize in new build duplexes in Indianapolis, which might be an interesting market for you given your goals to invest out of state.

This is just one example of many things that could go wrong when a "disqualified person" is involved in the transaction with the IRA.

In my experience, odds of collecting are about 25%. 

They have crafted a good program because of the money involved well thought out period.