I would like to have like a mini bar.

James, I probably should have mentioned: my bar for what constitutes a "lot" of time and effort is set verrryyy low these days because I spent years refining my LTR operations to get them dialed in...At this point, my LTR operations are such that just adding an extra hour per week of work would be a noticeable increase to me... ...It wasn't always like this, though--I had to work too hard to get to a point where I don't have to work too hard  :)

The dynamic landscape of regulations on STR can still be navigated in our area but having an MTR number that works is important to our clients' strategy.

We can get a second home without putting anything down (VA loan), move into the school district we want and a much nicer home for our growing family:Current home (want to rent this out):One of the largest lots in the area 1/100 lots in an area with 1000's of properties that has navigable water which is our water, at 2.75%, 280k remaining $1650/month, rents $3000 mom will be lending 25k over 5 years at $500/mo payments, and we will use a property manager $300/mo = rental take home of $550/mo incomenew home (hypothetical estimates):$550k @ 7%, paying ~$3300/moWe will have a period of 9 months starting Dec 2024 where we would be at about -$100 where our older daughter goes to pre-k for $1150/mo and infant is in daycare for $1650/mo.

This new requirement will be challenging for some agents to navigate.

There are some clever and legal ways to navigate your way to a lower-than-market-rate rent, but you should speak with a QI or CPA before doing so. 

.- every investor reaches a point where their DTI is trashed and they have to move into different loan products. there are tons of lenders out there that specifically work with REIs & have many ways to navigate this. don't let DTI concerns keep you from moving forward. - LLCs provide minimal legal protection in case of an incident. work with an asset protection attorney to come up with a better plan if they are that concerned. also have great insurance and an umbrella policy. 

Lots of big changes and challenges to be navigated but I'll keep this short and sweet to focus on the real world effects of the NAR Commission Lawsuit Settlement for investors scheduled to begin in July 2024.- Buyers will have more (and less) options.

Hey Nora, I am helping many investors starting out to navigate these same questions.

However, navigating the existing mortgage and structuring a deal that aligns with your rental income might require some creative solutions.