If you don't plan on allowing 4+ cats in your rental in the future you shouldn't start now.

We allow pets so it is no big deal.In the end, it is the animals owner who needs to make the decision.

This will allow you to put the loan into the entity or business name of your choosing.

They allow you to include up to 6 months of rent payments in the loan if you are unable to occupy the premises during the renovation.Just to be complete, it's also worth mentioning that both the VA and USDA have renovation loans.

@Alvin Sylvain I agree the emotional support animals are B.S. but they are legal and we have to abide by the law.If the animal is an ESA, you are allowed to ask if the person is disabled and what service the animal provides.

Aside from that, there are DSCR loans out there that cater to first time homebuyers, some that even allow those that live rent free to purchase as well.

@Rachel Jane a lot of issues here to consider:1) Does the condo association even allow rentals?

This is due to bonus depreciation which allows taxpayers to deduct 40% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

The majority of landlords don't allow pets in there properties.

There is almost no scenario where a condo would ever positive cash flow while servicing debt, and very little positive cash flow with no debt.If your budget only allows for a condo, find a better place to put your money to work.