The Programs includes or covers:- Up to $2.5B in second loan purchases- A maximum programs duration of 18 months- A maximum loan amount of $78,277- A minimum seasoning requirement on the first mortgage of 24 months- Only for Primary ResidencesThe effect of a guaranteed government backed second mortgage for homeowners would be significant and likely put eligible second mortgage terms in line with below market FHA and guaranteed first position mortgage rates. 

Consulting with local housing authorities, a real estate professional, or a Loan Officer (such as myself) experienced in Section 8 housing can provide valuable insights and guidance tailored to your specific situation, helping you navigate the program effectively while protecting your financial interests as a landlord.Let me know if you would like to discuss further or if you have any more questions I might be able to answer.

To get the full effect of how I first saw it, I'm going to have to ask you to imagine a raccoon sitting up on top of the bed.

I do have to agree with @Chris Seveney that this forum topic is one of the lower trafficked forums, which may make the split not as effective, and instead of breaking them up into their own individual topics it may be more appropriate to dissolve the topic entirely and keep the discussions for Tax Liens and Mortgage Notes under the Real Estate Private Lending Forum.I will leave the topics alone for now, monitor the activity over the next few weeks to see if there is an increased demand in these topics, and keep you informed if there is an update to the topic(s)!

The 4 bed vs 3+den designation won't have any effect on the home's value, or the rental income.

One of the allowed deductions beyond material damage is wear tear beyond what would be considered normal.

A way to account for the additional borrowing (or in this case effectively a cash gift towards down payment) is to attribute an interest rate to the $500k (or even an interest free loan over 30 years).

A lot going on here @Russell Taylor (warrants more than a blog response) I would find a real estate specific CPA who is willing to take a legal yet effective approach to lower your tax burden

Btw, there were no new rules going into effect on June 1st like the section 8 tenant said.Next stop was to collect.

Sharing some info from two sources this weekRegarding states looking to strengthen seller financing licensing requirements and court decisions for those not licensed:First from Facebook group school of sharks:Hey guys,TX Dept of Savings and Mortgage Lending has some new rules that are expected to go into effect January 01st, 2025.