Maybe focus on getting that income up along with paying debt down.

We get a lot of CA investors in our market here in Tahoe Reno, NV that are looking to 1031 exchange out of CA and into Nevada for the lower property taxes and no state income tax benefitsCarlan C.

Qualifications typically center around whether the monthly rental income can at least break even (1.00 DSCR) with the monthly PITI.We would simply need to know the following information to determine eligibility, interest rate, and loan terms for DSCR financing:o Purchase or Refinanceo Property Addresso Monthly Rental incomeo Annual Taxeso Annual Insuranceo Estimated Credit ScoreThe documentation is relatively light as well, compared to a conventional loan underwritten to your personal income/taxes/debts.▪ Entity documents ▪ 2 months of bank statements ▪ Photo ID ▪ Lease agreement (refinance) ▪ Sales contract (purchase)

You may add income streams to the home by offering internet and tenants insurance, for instance.

So, both my wife and I are full time W2 employees and are in the 24% tax bracket, and I came across the short-term rental loophole which sounds really amazing for taking write offs and using them to reduce your W2 taxable income, but also equally difficult to qualify for, unless you are within a short driving distance to your property.  

Additionally, rental payments from CMHA are typically guaranteed, providing a reliable and steady income stream for landlords.However, it's important to consider the potential downsides as well.

Paying down debt will help your DTI ratio, really important with your income level. 

I see Seabrook as a place to visit when you want and use the losses to offset high income net worth stuff.

The owner needs the stable income a lot more than the pennies on the dollar from a sale at present so I am meeting with an accountant next week for the first time to pick their brain about a structured buyout.

The title and loan is obviously in his name currently but we agreed to fund renovations (and yes, we created a written agreement for this) and then share in the rental income profits.