DSCR qualifies borrowers with rental income rather than personal income, so you don't need tax returns.

Now, this would obviously be negatively cash flowing since you would need to pay taxes and insurance.

Since the loan is still in your name, you can deduct the interest you’re paying to the lenderon your tax return... 

Florida has some strong rental areas, but things like insurance, taxes, and property management can vary a lot depending on the city.If you ever want to compare notes or chat about market trends, happy to share what I’ve seen!

Plus, we haven't even talked about the tax deductibles, depreciation, and how the house hack has the potential to off-set your taxes, which is another aspect way of making cashflow (obvioulsy verify with a CPA).

Their taxes and insurance may have doubled and they can't afford the house any more.I think geographic is tough because there just isn't typically the turnover any more in most areas. 

. - The 13 unit I went in on has been almost 2 years and still hasn't had the framing inspection passed- All my taxes doubled on my rentals, so now my cash flow has plummeted. - I've had multiple vacancies, including one where the tenant left after a year and cost me $6k in turn costs.

A miscalculation can eat up your profits fast.Speed is Key – The longer you hold the property, the more you pay in interest, taxes, and utilities.

There are tax benefits to running everything through an LLC, but again, seek advice from a tax professional.

If you live in the home for 2 out of the past 5 years and move out of state you may be exempt from the tax.