Reminder:Ground improvements qualify for bonus depreciation.This includes various landscaping.Roads and external parking areas.Sidewalks and pathways.Fences.Utility systems (including the installation or improvements to water, sewage, drainage, and electrical systems).Outdoor lighting.Rec facilities (like playgrounds, sports courts, and swimming pools).And more.It's a big category for depreciation/bonus depreciation that we love.

It’s currently a single lot and contains my family and I’s primary residence which we have about $250k of equity in.

;-)Yes, been doing all that research since this post, and am hearing from qualified investors with multiple MTR's that healthcare professionals are their chief tenant.

Now I have equity locked in and couldn’t qualify for a heloc due to credit as well.

At the time, I was working in FinTech, making 6 figures which allowed me to qualify for $400,000 for a multifamily.

@Melanie ThomasI really think it depends what market you're in, and what type of resident base you have.

Then I bought a bigger condo for our primary residence in 2022 for 275k with a conventional mortgage (5% down,1.5% APR).

We are in the process of becoming permanent residents (still a 1 to 3 year process for us), which kind of limits us with regards to loan and financing options. 

You would just qualify the deal with AirDNA projected income or use a STR1007 to qualify.

But to qualify for the best mortgage rates, your score must be at least 740.A minimum loan-to-value ratio of 80%: Generally, lenders will loan up to 80% of the total loan amount.