@Pranita Maldikar From your report, it appears you're looking to put $119k down on this property, is that correct?

If this is what sub2 is, then why are people paying tens of thousands of dollars to learn this process?

I also buy my own materials.

This is more than enough to do PML's whether you originate or purchase from a broker is up to you.

If this does not happen the seller could walk with your hard work, equity, and money.

I'm ecstatic to have just secured a fantastic new short-term rental property and I'm eager to collaborate with experts to transform it into a stunning haven.

Uses to see this advertised.

I’m totally new at this so searching for advice.

we ran into this in FLA  a few years back when I had 4 starts and I exited that market.. permits  sub base all pretty tough for someone who is not there and already knows the systems hands down and has a devoted loyal sub base.. thats the key in my mind.

What this stems from is that the IRS requires that a taxpayer trace interest expense to the nature of how the proceeds are used.