With conventional financing, your income, DTI and employment history will be used to qualify you.

thank you  You could go up to 80% if your property can qualify for it 

Assuming the buyer can qualify for conventional financing and your numbers are accurate (which I suspect if I was purchasing my value add cost would be higher)  They purchase at $400k.  

This methodology is advantageous for taxpayers since this does not involve filing amended tax returns.Other things to consider bonus depreciation, Qualified Improvement Property (QIP), and 179.

Like they said ^^^^^ Definitely re-qualify, and go to a month-to-month lease.

As I understand the ESA Laws in Texas if a pet is a qualified ESA then you can't treat it as a pet at all.

Hi Jacob,Would you qualify without your father's income?

Furnishing is usually 12k per bedroom - it's also shown in rei-lense.Since you're going to use it yourself it might qualify as a second home and get a better rate.HOA is always a risk as they can limit the renting options available at the moment or come with additional expenses.And, to get the most of AirBnB you'll need to put some more into it.

Find a lender who understands your long term real estate goals and understands that rental income can help knock down your DTI to qualify for more loans and acquire more properties. 

You cannot use "short term rental income" to qualify on the subject property BUT you can use 75% of the appraiser's rent valuation on the 1007 market rent schedule.