@Tyler Garza, "rent being paid by the tenant" is a flexible term. 

If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.

If you want a ballpark answer, you'll need to give a lot more details.

For me personally long term rentals add another layer of complexity and staff needs.

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

Have you obtained any detailed cost/benefit analysis quote?

We have a somewhat specific wishlist for lending requirements and terms that I will highlight below.

Since fix-and-flip income is classified as active income, taxed at ordinary rates, this setup helps minimize overall tax liability.To protect both members, draft a detailed operating agreement outlining roles, ownership percentages, profit-sharing, and an exit strategy in case the business dissolves.

So the question is whether your house is a good rental investment long term.

I am not privy to the details of that from their perspective, but I would hesitate to assume the policies are the same; I don't believe they are.