Purchase price: $380,000 Cash invested: $135,000 Annual rental to be turned into STR when tenant vacates What made you interested in investing in this type of deal?

Fannie mae allows you to transfer your loan into an LLC, but it is recommended that you speak to your loan servicer and ask that if they themselves will allow you to do so.

@Brice Alef-Torrisi To manage finances for multiple properties, maintain separate bank accounts for each property if held under different LLCs to avoid commingling, which could jeopardize liability protection and complicate tax deductions.If properties are under one LLC, using a single account is fine but requires detailed record-keeping for each property.

The first misconception is that you can declare a property headed onto the market only S8 eligible, refusing to consider traditional applicants.

It's definitely not your fault that the kid allowed the sink to overflow.It's not the tenants responsibility to inspect caulk.

The data they pull from the tax records on how much a home last sold for, often not updated, or completely wrong.

That is my personal go to.

Large deposits are nice, but very difficult to actually get access to escrow funds in the event of default.

I suspect but dont know .. this has all the red flags of lenders to watch out for as in pump and dump due diligence schemes..

(income = 3 x monthly rent, Debt-To-Income, etc. can still be used!)