Hey Sinuway, I'd recommend connecting with a few like minded lenders and realtors who could step you through the pre approval and negotiation process.

I'm going to have an attorney review my lease agreement, but all the documentation that I have came with my BiggerPockets MANAGING RENTAL PROPERTIES book a few years ago, pre-pandemic...and it's a lot.For those using KeyCheck for their MTR listings, did you also find that additional documentation was needed, besides the 3 key things that KC provides? 

By fall of 2021, both the visiting scholars and the vacationers were back in town, a lot of furnished listings had disappeared and I am back to renting at my pre-pandemic rates. 

The most recent data show that record momentum continues for the residential rental industry especially for the short-term rental industry, with year-over-year bookings now exceeding pre-pandemic levels.The complexity of the problem hinges on the definitions of “short-term” versus “long-term” rentals for tax purposes.

Do your research first though on how to pre-vet tenants or consider talking to at least 2-3 different property managers in the area. 

But, would my 2024 income even be considered towards pre-approval given it is not on a tax return yet?

Then talk to an agent about your goals and they will help you navigate what you can afford based on your pre approval.

Get pre-approved for a loan, set up alerts, and assess older properties.

Hello, can someone recommend a Title Company that can Help me with Pre-Foreclosure and Subject to transactions in San Diego Ca.Thanks!

@Matthew Mclean May not apply to your loan but for others that read this they may need to make sure there is no pre-payment penalty.