That is why it is illegal in so many places - it's a totally made up number.

Ultimate goal is obviously to build cashflow as seamlessly as possible and pay down debts of houses as we go so husband can leave his consulting job and we can do real estate full time.

To qualify for REPS, the taxpayer must spend more than 750 hours per year in real estate trades or businesses in which they materially participate, and more than half of their total working hours must be spent in real estate activities.

If you pay rent while in Aspen, that housing expense will be factored into your DTI ratio (e.g. total rent paid in 5 months divided by 12 months).You should be prepared for your loan file to go to an underwriting manager for second-level review on account of the occupancy risk associated with your primary home being located so far away from your work.

Keep in mind focus on the monthly payments, not the total balance.

For example, in 2022, about 500,000 people left Florida, but the state still gained a net total of around 500,000 residents due to higher numbers of people moving in, particularly from states like New York, California, and Texas.

So totally agree with your post.

Aspen and Vail are not just tourist destinations but have also become refuges for billionaires seeking luxury homes with access to ski slopes, adventure sports, and total exclusivity.

Bank statements should be helpful for determining that each unit is actually paying each month, and to know the total income as well as expenses.

My spouse and I bought 2 smaller apartment buildings with a total of 14 units with a partner a few years after I was out of college.