DSCR loans are usually what I recommend to ensure approval as your qualification is not based on your income but the projected rental income of the property.

Work with a knowledgeable SDIRA custodian to ensure compliance with regulation.This post does not create a CPA-Client relationship.

If this isn't required, then most likely having the GC sign a completion guarantee to ensure the project gets finished and lender is not stuck with a partially complete asset is the case. 

You can use TurboTax to handle these calculations, but if you’re unsure about expense allocation or depreciation, consulting a CPA can help maximize deductions and ensure accuracy.

If you PM me I can get you in touch with a processing company with fair rates.

Make sure any lease agreement you use complies with Arizona's landlord-tenant laws, including required disclosures (like bed bug information, for example).If you're unsure, consulting with a local real estate attorney to review the agreement can provide peace of mind and ensure you're fully protected.

It’s an interesting approach, but ensuring a strong screening process and a legally solid agreement is key.

When it comes to analyzing properties, I’ve developed a specific checklist to make sure the home fits both resident needs and operational goals:Square Footage: Ideally, at least 2,000 sq. ft. to ensure enough living space for residents and staff.No Stairs or Pools: It reduces liability and keeps the home accessible for everyone (this is just my preference).Corner Lots: I love corner lots because they often provide extra parking and outdoor space—both of which are critical for families and visitors.

Just make sure to run the numbers to ensure the rehab costs align with your cash flow goals for the rental.

It’s a good idea to work with a qualified intermediary and a tax advisor to ensure everything is structured properly and you’re clear on any tax implications.