However, I want to ensure that I'm not just passing quizzes but retaining all the essential information necessary to ace both the national and state exams.

Essentially I'm not liquid enough to make this happen. 

Understanding these rules is essential for investors seeking to capitalize on the short-term rental loophole while maintaining compliance with tax regulations.

You can still tap into equity of your principle residence needed through a second mortgage or in some cases financing strictly based on the investment property itself. 

These policies are often designed to protect the lender's interests and mitigate potential risks associated with non-owner-occupied properties.Exploring Alternatives with Chase: Since Chase is your mortgage servicer, it's essential to continue trying to communicate with them to understand their specific policies and requirements.

Essentially almost every market in Pittsburgh is a C-market on that scale.Cashflow is a good way to go, but it depends on the financing options the investor has coming in and if you know how to calculate the true numbers prior to jumping into a deal.

From the tax standpoint, unless you signed a contract entitling them to partial ownership or income rights on the property, you essentially gave them a gift when giving them the funds from the sale.

To qualify for rentals, having good credit is essential.

It's essential to get all the information you can about the squatter: did they ever have a contract with the owner, how long have they been there, how many are there, has anyone told authorities, do they have access to any utilities you'll have to pay for, etc.

Got it, thanks — so in technical terms, the closing costs are deducted from gains on Schedule D, but since the difference is below the Section 121 threshold, Schedule D essentially ends up at $0 (as opposed to some negative/deductible amount).