Qualified Intermediaries come in all shapes and sizes. 

These tax credits unlocked capital which was deployed to purchase and rehab commercial real estate in struggling downtown areas or help fund small businesses in these qualified zones.

The rent from the other units is used to help you qualify for the loan as well.

They provide real-time access to credit reports from major bureaus—Experian, TransUnion, and Equifax—without affecting the consumer's credit score.Setup Process:Application Submission: Complete a formal application through Soft Pull Solutions.Documentation: Provide necessary documents, such as proof of business operations and compliance with legal requirements.Website Review: Undergo a review of your business website to verify services and permissible purposes for pulling credit reports.Onsite Inspection: An inspection of your business premises may be conducted to ensure secure handling of credit information.This process ensures compliance with legal standards and typically takes a few days to complete.

Just be cautious of DTI (debt-to-income) ratios when qualifying for additional loans if you’re relying on projected STR income—most lenders require at least 12 months of rental history.

.- Do I qualify for for a section 121 exclusion sense I lived on the property for the first 2 years of ownership?

Start with a rental that has modest rehab requirements such as updating kitchens and bathrooms and make sure you qualify for permanent financing through a lending source that offers interest rates similar to that of  a bank.

Sometimes you have to challenge the SOW and determine if everything really needs to be done in order to attract qualified tenants.

We offer it at TFSB but it does require the basics like qualified credit score, DTI ratios - Must have W2 or (2 years of 1099 income) to qualify.

Not practicing law in your state though, so you need to consult a qualified lawyer in your jurisdiction to see what to do