It seems like ATL has great metrics and market fundamentals.

Hi Nicole, You will be eligible for a DSCR loan.

While you may be eligible for a tax exclusion of up to $250,000 ($500,000 if married) on the sale of your primary residence, any period during which the property was used as a rental is considered "nonqualified use."

The repairs may be eligible for bonus depreciation.I recommend working with an accountant that specializes in real estate taxation. 

The first question is 1) Will the STR be considered active and eligible to offset other income such as wages.

Most investors who focus their underwriting on successfully completing the BRRRR method ignore the fundamentals that are most indicative of a properties long term success.

This means if you’re living in the home, you are not eligible for the DSCR. 

Expect a down payment of 25-35%.Loan Eligibility (New Build vs.

We typically don't have trouble with getting 80% of your purchase reimbursed to you as long as the DSCR hits 1.00+.Here's a quick breakdown of the eligible loan amounts based on an all-cash investment strategy:• 0-6 Months (Delayed Purchase, no Rehab completed) - up to 80% of purchase price• 6+ Months (Cash-Out Refinance, no Rehab completed) - up to 75% of appraised value• 0-3 Months (Cash-out refi, Rehab completed) - 75% of appraised value [good rates]• 3-6 Months (Cash-out refi, Rehab completed) - 75% of appraised value [best rates]Happy to discuss your specific deal whenever you've got time to review.

Some of our initial baseline, no-go, criteria when we first listed were: 600+ credit score, no evictions, no bankruptcy, and income 3x rent... however, after finding that very few interested parties were eligible to even "enter a review phase" of landlord verifications etc, we loosened up a bit and went to an objective scoring model that I tweaked from a few ideas obtained after speaking to both rental professionals in my local area and some on this forum.