I recently evicted a tenant for non-payment and non-confirming the lease rules, and would like to file collections against her.

The lender has required a 'Prior to Docs ( “PTD” ) Condition':"Business Verification Needed - Broker to obtain a CPA letter to confirm the borrowers current business waspreviously filed as sch c and confirm how long been in business for."

Many don't pick up the phone past 5pm or before 9am, don't work on the weekends, only push files in and do not really review them, and are difficult to get a hold of. 

Typically around this time of year, investors are looking at maximize their retirement account contributions before the April 15th tax filing deadline.Something really stupid I have seen people doing is buying real estate using their Self Directed IRA.

Buy the rock solid rental and get your appreciation, cash flow, depreciation, principal pay down, equity capture on a discounted by and forced appreciation gain for a well targeted rehab.

The gain from the sale of a primary residence up to $250,000 (or $500,000 if married filing jointly) is generally excluded from taxation.Now, let's focus on the depreciation recapture.

If you can use OPM on the renovation at say 7% with plan to pay the principal down in less than a year, then I would invest your personal funds elsewhere into another deal or do something with your current STR to help it stand out.From my experience, HELOCs scare me but I do know if done the right way they can be very effective.I'd be happy to chat more on your Smokies STR on how to help make it stand out.

The idea here is to pay off the principal of the $700,000 over the four period then when I get a loan for the remainder $550,000 it would be more affordable.

DSCR is calculated by using the monthly market rent or lease (up to 120%) and dividing it by the Principal, Interest, Taxes and Insurance Payment. 2.

Also file a complaint with the CFPB Submit a complaint | Consumer Financial Protection Bureau (consumerfinance.gov)Regarding do you have any legal action - you can prove you do not owe it but you will not get any compensation - courts have ruled long ago the only recourse you have is actual money you lost - there is no "pain and suffering" if a statement is incorrect and you have to fight with them on it.