We've sold over two dozen coastal and luxury Oregon Coast STR's the past three years and our entire day is invested in keeping up with the rules and regulations regarding short term vacation rental usages.

"DSCR loans don't count against your DTI so keep house-hacking"This is just NOT true.  

You can do a cash out fixed equity line or second home loan towards the down payment of a new investment to keep your current terms intact.

If you rent to him and something goes wrong, you will lose the friend and you put yourself in a financial bind.I recommend you tell him you prefer keeping the friendship and business separated so you can remain friends.

So, when you think vacancy, keep in mind that YOU and the decisions you make can significantly affect the vacancy time. 

Need to get a better system here to keep on track of this.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $545,000

Cash invested: $120,000

Sale price: $545,000

This lovely home was acquired by a seller in distress who...

My first house is a 3 family but keeping it as a 2 family right now .

A high DTI does not necessarily reflect savings or equity or other factors that might exist that I may choose to keep private in this space. 

If no inventory buy out of County or state...keep in mind buying out of County 50 miles away or out of state opens up the ability to buy a Vacation home only 10% down.