If that number is positive its added to your income figure if its negative you have to qualify for it as a monthly obligation similar to a car or min credit card payment via the typical 43-50% debt to income ratio depending on where your reserves/assets/credit are.If you've held the property long enough and filed rental income the schedule E of your tax return (or corporate return) will be used to determine the net income.The formula for net qualifying income once the tax return is filed is made to seem complicated however in essence it is the monthly average net operating income(NOI) based on tax return minus monthly debt service payment.

Hi, I wonder how holding an airbnb/short-term corporate housing property will impact my ability to secure conventional loans for future investment properties.I am about to list my apartment on airbnb, which basically provides short-term housing similar to a hotel.

Any individual, corporation, partnership, trust, joint venture, or other entity which sells, exchanges, or leases its own real property;What I don't see in the FL real estate brokerage code as an exemption is if a layperson can buy their own real property.

If you were to be sued and were not able to produce these documents, the S-Corp magically disappears taking its corporate veil with it.Also, if you were to be sued personally, since shares in an S-Corp are assets, your S-Corp shares could be awarded to a successful litigant.

Also below are links about some Detroit's current funding and investment and where its going.Detroit to get $300 million in federal help - Sep. 27, 2013 - CNN Moneyhttp://money.cnn.com/2013/09/27/news/economy/detroit-federal-help/Ford Foundation donates money to help Detroit manage its federal grantshttp://michiganradio.org/post/ford-foundation-donates-money-help-detroit-manage-its-federal-grantsBill Pulte: From Home Builder to Detroit's Unlikely Blight Busterhttp://www.forbes.com/sites/joannmuller/2013/10/09/bill-pulte-detroits-unlikely-blight-buster/Gilbert: Tear Down All Of Detroit’s Abandoned Homes At Oncehttp://detroit.cbslocal.com/2013/10/01/gilbert-tear-down-all-of-detroits-abandoned-homes-at-once/Plan to eliminate blight in Detroit may top $1 billion, task force sayshttp://www.freep.com/article/20131212/BUSINESS06/312120137/Detroit-blight-Quicken-GilbertDetroit bankruptcy judge orders company to stop collecting casino revenue (Access to about $180 million a year that was flowing to creditors from its casinos)http://whtc.com/news/articles/2013/aug/29/detroit-bankruptcy-judge-orders-company-to-stop-collecting-casino-revenue/http://www.freep.com/article/20130903/NEWS01/309030148/Kevyn-Orr-William-Buckfire-depositions-Detroit-bankruptcyFederal, Foundation, City and Corporate Investment Areas in Detroithttp://datadrivendetroit.org/web_ftp/Data_Mapping/InvestmentAreas.pdfThe Auto Industry Bailouthttp://useconomy.about.com/od/criticalssues/a/auto_bailout.htm

Consider utilizing a corporation and a 401k for matching contributions to decrease some of that taxable income.

Has anyone done a conventional (Fannie/Freddie) loan on any of your investment properties, then transferred the deed into your Corporation or LLC to achieve asset protection?

I had left the corporate world with enough in savings to get us started with buy and hold rentals.

I had a bank place a 2nd mortgage on a nearly paid off property to cover the 20% down needed on another in my corporation.

HOA's usually set up a separate corporation, and accounts for collecting fees.