This approach could keep things straightforward while accommodating their need for housing.

Make sure your listing clearly outlines your screening criteria as well as your "house rules" if you're renting out a single room in your home.

W2s, personal homes and K1s are usually straightforward and can be DIY-ed by most computer-savvy and financially-savvy people.

@Jon Ankenbauer Transferring the land via a traditional sale registered with the county is a straightforward option to establish clear ownership and equity, which is essential for future financing.

@Max Bellino For smaller properties like your 2–4 unit multifamily buildings, an online cost segregation study is a quicker and more cost-effective option, providing sufficient accuracy for straightforward properties.

There are rules to follow!

Or the rules change and the greater STR revenue is lost and you have to switch it to a LTR and hope for the best.

Based on the numbers seems like it was a straight forward conventional loan...any challenges?

If I use a RMLO service I assume they cover the Dodd Frank and other consumer rules?

It’s a straightforward process that offers benefits to both buyers and sellers.