It is first reported based on when it's in service. 

Meanwhile, gross rents of $1,800+ for 3-bedroom single-families is an achievable figure, so it’s possible to generate cash flow if you lever modestly.There’s a bunch of other stuff that’s worth highlighting—the economy, demographics, neighborhoods, new construction, and more.

@David Cherkowsky, the lender will take the full rental income reported on the tax return, for that property, subtract it from the total expenses, add back depreciation, property taxes, mortgage interest, home insurance, HOA(if applicable), sometimes repair expenses(must be documented), divide it by the total amount of months the property was in service for that year (THIS NUMBER IS ON YOUR TAX RETURNS, SO MAKE SURE YOUR ACCOUNTANT DOES NOT PUT 12 MONTHS), and subtracts it against your total monthly mortgage payment.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

Maybe find a good designer that can provide services to install and setup the spaces.A lot of these ideas are going to depend on where you are buying.

Stay disciplined, focus on cash flow, and you could achieve financial freedom in 5-7 years.Good luck!

My journey is driven by a passion for creating opportunities and uplifting others, especially through community service and support for women and children in need.I look forward to connecting with all of you and sharing our experiences and insights.Best regards,Dana Fuller

Thank you for your service.

Me purchasing it and renting it out to her turns it into an investment property thatvallows me to take advantage of all the tax benefits that come with it.She may lose the primary residence mortgage benefits she has, but I think what we achieve with the conversion outweighs the loss.Cashflow would be immediate and allow for quick savings growth for the next purchase.

Instead, we provide comprehensive investor services—from onboarding and training through management—working with trusted third-party partners.