There are DSCR products for those scenarios, but they generally price worse than regular DSCRs.

If you are brand new, drive around and make notes of just a few properties that might be looking to sell based on their upkeep.

Regular check-ins with your GC will help keep everything on track.

how's the whorehouse differs from regular house ?

My regular agent won't insure it for renovations or being vacant for that long.

Next, I would find out who the attorney(s) is in your area that is known for regularly dealing with the Zoning Board.

Louisiana is also a very landlord friendly state and that doesn't hurt either.I have been looking at the rental data in New Orleans lately and it seems like there may be a surplus of rentals available, most likely due to the STR rules causing people to switch to regular long-term rentals.

You are likely to appreciate, but you never know what will happen with the area as a short-term location so your hedge is on cash flow and maybe slower appreciation than regular single-family residential homes.

If you live in the property for at least two years, you can sell it without paying ANY capital gains tax (unlike traditional flipping).We've done this a few times, but almost every time, we end up keeping the home as a rental.

Showing a profit is just a slight concern because it just adds to our regular tax burden from our day jobs.