My uncle has agreed to allow me to use his system, employees and resources to build my own trailer park empire.

After 2 years you can apply for a “Rent consideration” (I think that’s what they called it) as long as you still live there and that may allow you to increase rents by more than the annual allowance (probably designed for unit that are very low rents).

Aside from that, there are DSCR loans out there that cater to first time homebuyers, some that even allow those that live rent free to purchase as well.

This simple update has big implications for property owners, allowing small repairs and maintenance to be handled more quickly and affordably.

Interest income is interest income, unless you decided to roll some of the current cash into a self directed IRA at which point your interest income would be deferred for a later time and allow your funds to grow tax free.

It is still quite restrictive IMO and would not allow for many STRs but some to be added to the local market. 4.

Many lenders will allow you to do a BRRRR and take cash out, even without owning the property for 6 to 12 months.

Pooling the funds together allows me to maximize every investor dollar and minimize idle cash.

I’d offer to sign the form if I was allowed to cross out everything between brokerage firm and during the terms.

I would recommend targeting 30 day minimum rentals (Most associations are 90+), allowing 12+ rentals per year (most allow 1-3), and no in-person screening for tenants required.