Any help, advice, or contacts to help make something happen would be well-received, thanks!

The only thing I will add is, if you bought that property recently and plan on selling soon, you might well be selling at breakeven or a loss. 

Working with a knowledgeable real estate agent and keeping an eye on online listings can also help.

We offer 30, 20, 15-year fixed-rate options as well as 5,7,or 10 year ARMs.

If you have a history of having rented the property by the room, a lender will very well look at the rent you have gotten and lend based on that (or at least the DSCR won't reduce below whatever LTV is offered on the appraisal).

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

You'll find a wealth of knowledge here, along with members who have ventured into similar expansions.

Plus, you get to depreciate the properties by 3.3% a year on your taxes - saving you $26k-40k of taxable income as well… all while your tenants pay down your mortgage with their money.  

If you're local housing authority is decent to work with and you screen your people well section 8 can be a win for everyone. 

Hi @Shawn Good my wife and I are in a similar position and would like to buy a STR in the fox lake area that we could also have for personal use as well.