FHA loans typically require the property to be a primary residence for at least one year, so he should confirm compliance with his lender.Once rented, he can deduct expenses like mortgage interest, property taxes, maintenance, and depreciation starting from the date it's available for rent.

It's much easier to set things up right than to have to transition them later when you have multiple properties and many, many transactions.

If so, I'd like to connect and get pricing for a couple of permits out here in FL.

Most plumbers have camera systems that can go 100's of feet usually and it is pretty easy.

Feel free to reach out if you have any questions or just want to talk.

Hi Batyr, welcome to the community!

BP Rookie podcast has a pretty good content on Airbnb, however mostly success stories.

But, you can go up to 65% loan to value with no reserves, or up to 80% loan to value if you have 12 months payments already in the bank (12 months reserves_.

Most properties seem to be overpriced, often listed by pro investors trying to unload them, and have been sitting on the market for six months or longer.While I could put 50% down to make the cash flow work, that approach would likely derail my goal of acquiring four units in four years.

Most likely one of two issues. (1) You don't have an investment grade deal; or (2) you don't have the relationships yet to assign a contract.