Hey Santosh,As of right now you're extremely exposed regarding insurance and I'm going to assume legally as well.If the home isn't registered as a legal multi-family with the town that's something you'll have to correct ASAP and make sure the home is up to code.Insurance wise as soon as they find out what you're doing they'll cancel you as the risk has changed from a single family owner occupied home to a multi family owner occupied home.

And you don't have Schedule C to deduct the business expense.This might have changed if your RE portfolio was run like a business and/or you have a partnership; the partnership would then deduct the travel expense as an ordinary business expense.As I said, it gets complicated quickly.

I heard but don't know the veracity of this claim, However FLA suffers from a lot of fraudulent claims there by also causing rates to be higher.. 

A DSCR loan only removes the income piece and adds a slightly higher rate and prepayment penalty.

However foreclosures are changing back these days your not going to have many sheriff sales like we had in the past with the melt down .. 

The truth is, over the last few years, many of these people are barely cashflowing at all and the default rate with the banks on this product is skyrocketing.

Most 1-4 unit real estate investors are using DSCR loans right now for any buy and holds while flippers lean on higher leverage bridge/fix and flip loan options with higher interest rates.

Change your story each month as different stories will resonate with different people AND use each story to emphasize one of your “who do you know…” questions.

Int rates are a mystery.

The resident is great and the rent rate reflects that.