Liek turbo tax--except 9 times as much and less interaction and ability to have questions and scenarios flagged like Turbo tax did for me. 

My biggest question is this: do you think I should continue to rent for now and prioritize tackling loans?

Quote from @Ryan Irwin: I appreciate that clarifying question @Kevin Sobilo.  

@Theodore Arzt Yes this is a old post, but the good thing is, 2 years later I know the answer to this question lol. 

And to answer your question, yes, DTI issues are usually why investors start using DSCR loans. 

If the loan officer asks you about your debts, you can ask clarifying questions such as are you asking for personal debts or business debts?

Your question: "When can I quit my W2?" 

How much screening you do is the better question.

To answer your question, you can use AirDNA or another short-term-rental income analyzing website or software.

Because flips are considered inventory (not capital assets), profits will be taxed as ordinary income rather than qualifying for long-term capital gains treatment.For tax filing:Report expenses like construction costs, permits, and interest as part of your cost of goods sold (COGS)—these won’t be deductible until the property is sold.Since no revenue is expected in 2024, your S-corp may show a loss, but that loss won’t reduce personal taxable income until the sale occurs.Each partner will receive a Schedule K-1 every year, including 2024 and beyond, as long as the S-corp remains active.Unlike an LLC, S-corp shareholders do not pay self-employment tax on their share of profits.