For this to work and all make sense, you will have to move and get ready to take that leap.If you have any questions on the DSCR loan and closing in an LLC, feel free to shoot me a message.

Looking forward to connecting with you all,Dave GabrukLicensed Architect & Real Estate Enthusiast

Thank you all for the feedback, I really appreciate it.

So if 3 siblings all buy a house together and all live in it when they sell up to $750k can be excluded.If married only one person needs to meet the ownership requirement-but both must meet the use requirement. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

All new flooring, bathroom remodel, paint and drywall in the bedrooms.

I’m especially interested in connecting with others who are focused on affordable housing, real estate investing strategies, and growth opportunities.Looking forward to engaging with you all, sharing insights, and learning along the way!

You'll find that rental property investing isn't scary at all and a great property manager can actually save you more money than they will cost!

That’s all that matters.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.