Another, scarier story I have is from when my business partner at the time and I were touring a house that'd been vacant and on the market for a few years, deep in the back woods of Vershire VT, real middle of nowhere town that has fewer residents now than way back in the 18th century.

You don't get to choose who claims the property based on who makes more money.Third, here comes the bad news: you cannot generate tax losses from renting rooms out of your own (or your daughter's) residence.

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

The massive influx of full-time residents to our market in the last 5 years has led to a shortage of affordable housing for renters. 

Primary residence has about 100k in equity. 

This question has come up a few times with prospective clients recently, so I thought I'd shed some light on it.Generally, being an employee in a real estate business does not automatically qualify you for REPS unless you own at least 5% of the employer.

if you qualify, using the VA for a small multi opens up more opportunities as an asset vs investing in SFR.  

If one is going to spend money on training learning how to present qualify and CLOSE is the skill agents need.

The items you mention MOSTLY qualify.

The leverage is a little lower and rates may change, but a DSCR is still possible provided you qualify.