As you know ancillary income opportunities in Colorado are diminishing as each new tenant landlord law passes.

And to add to the stress, we took out a loan to cover the costs, and now we're watching our hard-earned cash disappear with each passing day.In this moment of desperation, I reach out to this community for assistance. 

The value of the condo went up (that's good), but the rental situation in Sarasota went down.Long story short, I can hardly make the mortgage with the forecasted rental income for a midterm.

If the STR income is on your tax return it is qualified just like long term rent using this form:  https://content.enactmi.com/documents/calculators/Form1038.C...

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

At first everything seemed fine and professional.Then he got up, and to my horror, the man wasn't even wearing pants.C'mon guys......We really making hate posts about PM's when a low income tenant trashes a unit?

Both options have merit: the standalone approach allows for independence and customization, while the duplex route offers potential rental income.

My name is George and I'm looking to learn more about the real estate market in and around Denver with a focus on finding a small multifamily property (3-4 units) to live in and rent out the other units for passive income.

So, you'd ask yourself where your lofty rental income is going to come from.The agent won't care that you don't make your rental income as it won't affect him; he already got his sales commission long ago.

The fees are built in so they do not impact the equity you are earning off of.