For the last couple years I have had losses on my tax returns from passive rental real estate activity.

I'm currently navigating the world of real estate financing and wondering about your preferred financing strategies for investment properties.

Hey Nolan,Couple of things - An FHA loan can go up to 56.99% backend DTI (max) so you have room if you are only at 50%.   

Credit is 800+.I have ~$120k in an inherited IRA that I could liquidate as well, but would prefer not to if at all possible.House #3 is least priority and could be used to offset the cost of the buyout on #1, but it cashflows so if I can keep it that would be great.I know it's a tough rate climate, but I'm looking for any creative options, and lenders who operate in all three markets that could help streamline the process. 

@Logan HartleI have done a couple like this and as Greg said the hard part is guessing what your future tenant will need. (# and size of offices, bathrooms,doors, windows, floor drains, lights, truck docks).If you make an educated guess you will likely still be tearing out or changing brand new walls and concrete, but if you leave it incomplete it is harder to rent.Plan on some extra expense for those tenant improvements.

We do a couple million a year using exclusively DataTree (First American) Data.

Try bringing a couple contractors to bid a house at the same time.

The next guests will almost certainly be upset that the hot tub is out of service for their stay and are likely to injure my near perfect streak of 5 star ratings which will injure search rankings and possible lose me bookings.Just a couple of thoughts on your reasons for not having a hot tub.  

@Matt McCurdy If the majority of residents in the community prefer to rent, it may have more to say about the community than anything else.

Even more so thinking I have been following this man for a couple of years now.