If you loved your house and you think somebody else will love your house, you'll find a good tenant.Here's some advice as a recent plunger:All you need to understand landlording are these forums and this book:https://store.nolo.com/products/the-california-landlords-law-book-lbrt.htmlBuy it, read it cover to cover, underline the important stuff, and refer to it often the first few months.Also, though it's time-consuming, show your house to potential applicants one at a time by appointment.

Hi @Shane Smith -- this is something your CPA will be able to walk you through very simply, based on your business structure.The basic thing to understand here is this:  there are two different "events" involved in what you are describing:  Purchase and Taxes/Filing/Deducting/etcAs far as the real estate goes, in order to purchase the property in the business name you would simply put your business name in the "buyer" space in the contract and sign on behalf of the business, and then use a loan product compatible with the business.Again, this is the purchase piece and then the tax piece comes later.

Have you confirmed that product is still being offered with the CU? 

@Tonye Jack Mathew Romeo out of Independence, Dan Foster foster construction and depending on your product size, @Colin Douthit

To me, when you pull them this way, it really doesn't matter which service you use because they all end up providing a similar product (i.e. the actual credit report). 

The best thing to do is verify costs expectations and projections with a management company that operates similar product in the area.

Although, calculating debit-to-income ratio stays the same --- I summed up how to figure your rental income in my earlier post.There are (or were before COVID-19) no-doc loan products but the interest rate is a few points higher which in this market isn't that bad. 

No low-down payment, owner-occupied options.Many commercial mortgages explicitly forbid owner occupancy.Bank will likely require 6-12 months of reserves.If you want to do turn-key, stick with 3- or 4-family properties where you can take advantage of all the mortgage products for home owners.

It is the single best retirement product available from a fee to return standpoint. 

The (c) exemption makes things a lot easier for individual sponsors who don't wish to set up a ton of compliance-related machinery for a marketplace and prefer to make use of vendor products to streamline the process.