Mortgage brokers shop out your deal with numerous lenders (70 + for my company) to find you the best deal vs a bank who only offers rates for their specific products.

You also get to depreciate 3% of that 4MM a year... so that’s the first $120,000 in taxable earnings that you make tax free, beyond all the other write offs... cars, insurance, health insurance, phones, internet, business meals... oh... and actual property expenses too!

Best place to start is figuring out your debt to income ratio and talking to numerous amounts of bankers to see what you qualify for.Don’t make the same mistake I did and use the VA Loan for a house that does not make sense as a rental if you had to move.

@Donald Bryant People ask this question numerous times on BP and I will continue to ask the same questions in response. 

I have seen numerous conversations here and on member profiles showing “I have flipped 150 homes” but then you look closely and see these homes all sold for $50k or less.

On the investor side, I've seen activity from numerous out-of-state buyers (mostly California) snatching up high cash flow rentals in often dicey areas.

To read more head online to 1031.org or 1031taxreform.com/FEABest of health to all!

(Personal service includes the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, consulting, or any other trade or business in which capital is not a material income-producing factor.)7.

You combine this with large IRA and HSA  and health care premiums and my tax payment is a fraction of what it once was.This is great for tax but now we are ready to buy a new home and even though we have strong cash flow, excellent reserves/credit - tax returns are not showing the profit. 

It has proven *incredibly* difficult to find any insurance company that will insure the property, much less at a reasonable premium.I have checked with numerous companies over the course of a week - Lemonade, USAA, Progressive, All State, Wawanesa Insurance, Hippo, Liberty Mutual, Mercury Insurance, Amica, etc.