I do have a bad habit of saying less with more instead of more with less - sorry.Yes, the reason I won't allow pets is because of the tenant and how I don't trust them to a) take care of the pet and b) pay me for damages and c) not create damage that can not be undone feasibly by either party, landlord or tenant (cat pee)I also don't want the hassle of enforcement.

Some likely around 50 percent loss.

I have no active income that I need to offset with active losses, so my question is, do i HAVE to separate the properties if i am NOT considered a real estate professional?

You might have to agree to eat some amount of loss each month, because it's difficult to make properties in that price range work as rentals here in San Antonio.

The incentives are meant to make the project more feasible in return for the lower rent you'll be receiving. 

The asking price and my offer are about $15/sqft higher than the highest comp in the neighborhood, but I am willing to absorb the loss to keep my family happy(3 kids and a puppy making life hectic in my current home).

This lot includes a foundation stubbed for electrical (underground)/plumbing/sewer/water etc. the former property was deemed a total loss in a house fire and the prior home owner cleared and stubbed the foundation (slab on grade).

The cash flow seems decent enough to justify trying to keep the property, but definitely isn't a homerun.I think selling the property is a feasible option for us, but I worry that we won't be able to put down 20% on a multi-family home to avoid using an FHA loan.

My issue is that only works for one estimate, the others would be a loss of $89 x n with "n" being the number of quotes.

Hi all!Looking to get into my first deal.Never invested before in any property and STRs seem to be much more appealing than traditional rentals.I'm looking into STRs in La Quinta/Indio area.A couple questions for anyo...