Quote from @Felicia Nitu: Quote from @Jay Hinrichs: hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.Hi Jay, the affordable housing requirement can definitely be a dealbreaker for some projects.

If you don’t have HOA or pay any of the Utilities. …..now the problem is in the Tulsa area that deal that rents for $2000+ mo and can be purchased “all in” for $150K is much harder to find. 

This gives you the opportunity to not have to pay out of pocket for a primary residence you can't occupy.For @Andrew Miller - as someone that's done multiple renovation loans myself and helped 100's do the same, here are my biggest tips:1.

Now a listing agent cannot advertise the commission they will pay another agent for bringing them a buyer.

I don't see students paying Ivy league for this school, but I could be wrong, I don't know this school at all. 

And a couple houses from random lines of credit from banks.

We are looking towards STRs in order to lower our W-2 taxable income via cost seg and bonus depreciation.I believe my line of work qualifies me as a REP, but what I am not clear on is whether I would still need to meet the 'material participation' requirements in our rental business in order for our losses to be non-passive.

This tenant will likely  cause you more financial burden down the line, so I also agree to evict. 

Advertising at the beginning of a full studs out renovation or something that will be months down the line wouldn't work out. 

I know what it’s like to be in your position, and I believe in paying it forward.