Such strategic zoning decisions bolster the provision of affordable living spaces, invigorating local economies by amplifying the consumer base to support nearby businesses.

They can also be more forgiving on condos (warrantable versus non) at times.

We are planning to purchase a home and convert it into a community living space for people in recovery.

Good luck talking to the non-accountants about accounting.

I certainly don't want to get into the business of being a "bottom feeder" that takes advantage of people, but if there is space in the industry for someone to help people in your situation while making a fair profit, I wouldn't mind learning more and getting involved.If interested, message me.

If you do not have (2) full years of 1099 you can still get approved for a mortgage using a Non/QM program like a "1 Year 1099" program or Bank statements.

Being a real estate professional allows you to treat the income as non-passive, allowing higher high income tax payers to pay less in taxes.

Plus you can also use earnest money and even non-refundable earnest money if you want to buy you more identification time.3.

While the traditional approach involves buying a multi family property, living in one unit and renting out the other - with rising prices and interest rates; others have considered renting out bedrooms as unit spaces. 

I’ve already realized how much there is to know, and I’m grateful for spaces like this where experienced investors share their wisdom.Right now, I’m working on getting a better understanding of T-12s (Trailing Twelve-Month Financial Statements).