This is the boat I am in, too.

I love that you rented two of your bedrooms as mid term and short term rentals and made enough to pay for the mortgage and now you are going to use the rental income to show you can qualify for another property.This is an excellent strategy and one more people should consider doing in this inflationary environment to offset the biggest cost in their budget--housing.As you rightly point out, you can use this strategy with every house you buy accumulating a portfolio of houses that you originally started out living in as a primary residence every two years.Well done and more people should consider doing the same, or rent their garage, or shed, or a boat, or an extra car.Love it!

I'm in a similar boat and really want a partial STR, partial vacation home in CA, but I'm concerned with all the regulation and comments.

Problems I am facing include, having to fish to pay off this tax debt or using the money I make fishing which could be 30, 50k in three months , and then fish some more to invest, but I’ve been at this for 7 years and every day I spend on the boat I want to jump over when missing home 😆.

Hey @Shawn Kostoff I’m in the same boat as @Eric Armstrong.

I’m in the same boat as you.

I'm in the same boat and am looking into www.rentrecoveryservice.com.

So if you're concerned with tying up entitlement with sub-to, you're in the same boat with assumption.

In my mind sponsors of these deals need to have some deep experience were as the last 3 to 5 years rising tides raised all boats.. like you said what happens in a hiccup.

My wife and I are in the same boat right now, dabbling at listings or off market whole sale "deals", or paying down RE debt.