However, your mother-in-law is a related party to your wife.Given this, it's important to understand how the title is held on your rental condo?

I do not understand your remark as related to the DSCR loan.  2 ADUs are not allowed by f/f conventional financing but is not always enforced.Fortunately if you stay with the current tenant without a refi, by the time you pay principle it is likely the rent will have increased enough to absorb the increase mortgage payment. 

Google Ads is a pretty complicated platform that takes awhile to use, but once you understand the mechanics it can be an EXTREMELY beneficial tool because it's...- Capturing searchers with high-intent- Spend is flexible (unlike ILS networks)- Semi-easy to manage once you get the hang of itThere's a lot more I can share, but hope this is helpful!

I have just under five rental properties and I understand the legal benefits of creating an LLC (married to a lawyer).

After seeing the power of financing and understanding how loans can help make real estate deals like this happen, I knew I wanted to be a part of it professionally.

Find a mentor that can help you through the purchase of your first house hack, and get something you can fix up off market directly from the owner.Use the help of the mentor to find out if it's a good deal and to help you understand if it could work.  

I am strongly considering Philadelphia as a market to invest in OOS because I was raised in Jersey and I used to be familiar with neighborhoods in the city; I understand things have changed over time, however.

I like the idea of focusing on bathrooms, curb appeal, and opening up the kitchen/living space.I’m definitely working on building a solid team, especially with real estate professionals who understand investor deals.

@Stuart Udis I understand the importance of having the funds for repairs, vecancy and any issue that may happen.

Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!