Check out this BP article on BRRRRs and how DSCRs come into play for the refi portion.

Outside of real estate, I enjoy working on vehicles, fixing things, and playing with the latest in tech.Excited to learn and connect with you all!

I played baseball at the college I am trying to rent out so I spoke with the coaches and they will recommend players to live at this house.

I've started my journey in the expensive Seattle market and found house hacking a duplex gave me a tremendous boost as my first property.The top 10 advantages that played out quite well:1.

Had it really been plug and play as they tout, sure no problem.

The only way to combat this is to play their stupid game an fight your property taxes every year. 

You could play golf at one of the top public courses in the world, surf, fish world class waters, hike, dune buggy, or nothing at all.

Each State is different.Some states require you to track the passive losses at the state level.There may be a state equivalent of the form 8582 or there may be a completely different state form.Also be mindful that some states do not recognize bonus depreciation so there may be some federal / state differences for rental income.

Because of material participation (I self-manage)/bonus depreciation/cost seg, we’ve been able to get all of our taxes back both years so far.We cannot keep going the way we have for two years, so that’s not an option.

I think the other commentators have it right - a HML that is willing to take an investment that is small is probably not vettable and not a smart play - however if you have ~$500k or more to put in, then the legitimate more easily vettable firms would pottentially be interested - and you would be able to see the sophisticated setup, documents, structure etc and be able to research accordingly