(This is about taxes)You need a Zoning Permit for Visitor Accommodation:To rent your home for stays of 30 days or fewer.If the property is not your primary residence.Housing requirementsSmoke alarms must be installed:In each bedroom.In the hallway in the immediate vicinity of the bedrooms.On each floor of the home, including basements.Carbon monoxide alarms must be installed:Within 15 ft. of the entrance to every bedroom or within 15 ft. of a bed in sleeping areas if there isn’t an enclosed bedroom.Centrally on a wall or the ceiling, but not directly in front of a door to a bathroom or within 5 ft. of a cooking appliance.Under the installation requirements for smoke alarms if they are combination smoke and carbon monoxide alarms.You can’t post signs for lodging on your home.The home can’t be occupied by more than three people (including the owner and renters) who aren’t related by blood, marriage, life partnership, adoption, or foster-child status.You cannot change your house so that it no longer resembles a private residence.Information you must provide your rentersRenters are only allowed to have guests between the hours of 8 a.m. and midnight.You must tell renters the trash and recycling collection days and any trash disposal rules and regulations.

The increase to second/vacation home rates is being implemented by the FHFA, Federal Housing Finance Agency.  

Sometimes you think you are rich and then you realize that compared to others you still have a long way to go.But, to implement this strategy you need to first get prequalified with a lender.  

Let's think about numbers real quick...ROI on Conventional 20 percent down ($36,000) for $275/month ($3,300/year) cash flow = 9.16 ROIROI on FHA 3.5 percent down ($6,300) for (complete guess) $150/month ($1,800/year) cash flow = 28.57 ROIROI on 0 Percent down for $125/month ($1,500/year) cash flow = INFINITIA strategy you could implement might look like this: buy #1 with your VA, a year later #2 with FHA, a year later Refi #1 into conventional, buy #3 with VA, a year later Refi #2 into conventional, buy #4 FHA.

I purchased a three family investment property in the state of Connecticut for $27,000 cash now I'm trying to get financing to rehab the home so I can rent it out trying to implement the brrr strategy

I also suspect you're going to see a lot of old time landlords exit and sell to corporations, which will either implement more stringent tenant procedures, or turn rentals into condos, townhomes etc.

The original tax strategy was to keep the triplexes and implement cost segregation to offset the gains on the sale of the condos and duplex and a few years down the line sell the triplexes and offset the gains with other depreciation.

I am still learning and would like to know what strategies did you implement to get your career started as soon as possible?

You then also can look for new ways to add income by implementing things like amenities or allowing pets.

For that I recommend a book that I just read and have started implementing the concepts from:https://www.amazon.com/Profit-...