As I’m starting my real estate investment journey, would it be a wise decision to rent out my primary residence and seek a temporary rental for myself while I save money to purchase an additional property for investment?

I'm wondering if I can qualify by using just 1 or 2 bookings (under 7 days of course) for the year.

I want to know if this type of business qualifies as a “real estate professional” status.

DSCR lenders qualify borrowers based on the property’s income rather than personal income (like W-2s or tax returns).

There are 23 exemptions from the BOI program, but it's unlikely that you'll qualify for any of them.

You are close to (or maybe past) your primary residence capital gains exemption, so I'd take that in to consideration too.

Investment Info:Single-family residence buy & hold investment in Elizabeth Lake.

Investment Info:Single-family residence buy & hold investment in Fargo.

Details2,819 SF, single family residence, 4 bedroom, 3 bath house, with a poolThe house is in a very desirable location.Market Value - $950,000Mortgage Balance - $226,137 (10 years left)Martgage Payment - $2,250/moInterest Rate – 3.5% Average Rental comps - $4,430/mo (looking at the comps I think it is above average)It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate.

But we'd also like to be compensated for this cost especially since we are offering our residents a service.