First STR guest has booked for the last week of 2022, so we'll be able to place the asset into service for 2022. 

@Michael Tompkins suggest you start networking with local real estate agents to offer your services to make repairs on their listing transactions. 

He ran numbers, guided us through a few muddy waters, and advocated successfully for the few repairs we requested from the sellers.

I want you to know I really want this house and it would be an honor for me to restore it to its former glory." 4 bedroom 2.5 bath townhome 95k on MLS after $20k repairs worth $250k.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

DSCR (Debt Service Coverage Ratio) loans will be a great tool for you to utilize for your rental properties.

We acquired this duplex at a remarkable 66% of its after-repair value, investing in a full renovation to maximize its potential.

If the potential tax savings outweigh the cost of the service - and you're planning on keeping the property for at least 5-7 years, a seg study can be a really good tool to get some tax savings up front. 

Refi puts about $17K in our pockets now but literally EVERYTHING is new so it shouldn't need much except the occasional repairs here and there.  2) The property sits on a double lot. 

My job is to make repairs and get the place lease optioned so it is producing income to cover the interest payments I need to make to the lender.