Your mortgage has nothing to do with your taxes.Here is a very rough starting point, however the actual calculation will involve more details:1.

I am not sure since I am not an FHA lender.Since the whole thing started because of the appraisal value, I believe the deal is not even amazing, that buyers will ignore strings attached.

I have read the book on long distance investing and still am not too confident to get started.

You learn what you can as quickly as possible, and start implementing.

Is the property set up as a STR already or do you need to do the basic work to get it started?

we ran into this in FLA  a few years back when I had 4 starts and I exited that market.. permits  sub base all pretty tough for someone who is not there and already knows the systems hands down and has a devoted loyal sub base.. thats the key in my mind.

Just bought my first rental in Indy last year and wanted to start my airbnb business.

@Jaycee Greene Yeah it is easy for one to get discouraged when buying this type of project but I must say they are decent when trying to start low and build capital, that way you dont have to deal with **** properties or mediocre neighborhoods again. 

The permits and architecture was done prior to start.).For most people the finances are the limitation to scale.  

AIM: I am looking to start a syndicate.