I know that in general, you have to spend money to make money and wanted to have a chance at starting buy-and-hold real estate before I start making "real money" as an attending physician in SIX YEARS... 3.5K seems like a lot when you're already hundreds of thousands in debt, have kids, and are creatively paying down a mortgage in CA.

The one thing to be careful of here is HUD often lists "a physician, psychiatrist, social worker, or other mental health professional" as the people who can prescribe.

Investing in short-term rental (STR) properties and using the STR Tax Loophole is one of the few tax strategies that can save physicians with a fairly high W2 income 6 figures in taxes without working full-time in real estate.It is difficult for a physician, or other professional to become a real estate professional as they can’t spend half of their working hours in a real estate business.

Hi all!I am an ER doc looking for a change!My wife and I are exploring all the options about where to relocate! We love NYC but we are due for a change of pace, and a change of scenery. Also, NYC isn't the best place ...

I think you equally partially answered that question, telling the difficulties you are facing with STR regulations.this is my prescription and what I have decided to do .consider HELOC your current property, use the money to 1- add some value to your current home if room provide ( not to exceed X $ amount) you can then rent out the extra created meat to help pay HELOC2- Use the balance of HELOC to purchase another home in an appreciating market and if possible one that allows STR. use cash flow from new property still towards HELOC and just allow second home appreciate OR if you can fine a fixer upper to do BRRRR tat will even be better.that is what I have resolved to to. you can get back to me at 301-256-1578 so we can continue to brainstorm.little cent

JD I used to have that line of thinking but parcels can and do get landlocked quite often thats why title insurance is so critical when buying land and insuring your access.. suits for prescriptive right a ways are expensive and time consuming..

I am a 45-year-old physician, who is currently looking to add other revenue streams. 

Would the existing 25 year old sewer lateral qualify for a prescriptive easement if there is no recorded easement found?

BUT our daughters Physician Assistant friend (just moved back escaped from NYC) needs a rental & loves the area so it maybe yet another addition to the portfolio.In retrospect our EXIT strategy has been to 'hand off' to others, (& their kids), properties that were becoming too much work.

There is also the thing of a physician loan where I wouldn't have to put a down payment on the house and secure a loan although I would want to try to aim for a fixed rate (or maybe variable since interest rates are potentially going to be cut in the future?)