They have an option where you can input daily rates if you are underwriting a short term rental.Debt & Loan TermsSTR financing is slightly different from traditional long-term rental loans:📌 DSCR Loans (Debt-Service Coverage Ratio) – Lenders will look at projected STR income instead of personal income to qualify.

One route Robert is to use a bank statement product for the boyfriend to help qualify with your daughter on the purchase agreement.A more strategica way to do it is if they've leased from you for over 12 months is to do a lease + option contract to buy.

Your debt to income will be calculated per conventional guidelines and if you qualify with both your current mortgage and the new mortgage plus all the rest of your debt you are good.

Unless you qualify as a Real Estate Professional (which has strict requirements), your rental losses can only offset passive income.

Maybe i'm crazy but I think I can qualify for REP status...I can log and document time searching/reviewing/comparing deals right?  

Consider a home equity loan or HELOC to tap into your condo’s value while improving your credit score to qualify for better mortgage rates.

When you add back $20k depreciation for underwriting, you have the same $30k.See - how much depreciation you take does NOT change the number used for underwriting.And back to my skepticism - check with your lenders if you can qualify for any loan based on your income.

@Justin Brin Yes, you can elect to aggregate your rental properties for Qualified Business Income (QBI) purposes, but once you do, you must continue to aggregate those same properties in future years unless there is a significant change in circumstances (such as disposing of a property).

Most importantly, I believe anyone who buys investment real estate should be qualified to obtain a loan from a bank, even if they opt to use an alternative lender.

A Solo 401(k), on the other hand, offers more flexibility, allows higher contributions, and avoids UBIT when using leverage—but you need self-employment income to qualify.