The IRS allows you to buy real estate with your IRA, with some very specific rules for doing this. 

State Island is part of NYC so you have to follow city rules on top of state rules.

The problem comes when the few banks I've spoken with average my current income/ytd with previous 2 years w2's and can't get me to even 70k based on their rules.

Most of the deals I analyze, I use the 70% rule as a starting point.

When a property averages less than a 7 day rental period over the course of the tax year and qualifies as a non-rental activity, and non passive tax treatment, how is the rule about personal use affected?

Warning: it seems to fail a lot of "rules" of thumb.  

I agree with Tony -- the 1% is my usual rule.  

5 days late, process to eviction begins. for reinstatement to happen, tenant must pay all late rents, and any fees associated with eviction process.you should be just about ready to have 4 new tenants if they are all 3 weeks late.With that said, if you didn't follow the rules on the lease and let them slide, why would you expect them to?

:) Super Jumbo is generally up to $5m & still largely algorithmic like you are used to, larger than that it's generally done on a one-off basis.Worth noting is that technically the lender still must follow the post-recession "Ability To Repay" rule, meaning the lender can't just go "oh, 40% down, we can't lose even if we have to foreclose, loan approved!"....

Essentially, if you have the divorce decree and separation agreement giving her the house and taking you off, then it's hers to worry about, but if the dd and sa is not clear, then it's on you and her both for FHA (which is the one most people house hack with).Sorry.Stephaniehttps://www.fhanewsblog.com/2015/11/fha-loan-rules...