Also would come with the stress of a loan, and debt servicing.

Inspect the property to determine what is causing these problems and document what the tenant is doing to cause them.Your lease should include a statement that the tenant is responsible for ordinary pest control.

I will make sure I include it in all future literature.

I am certainly afraid of the unknown, which would include those fees eating up the equity that I have built to date.

I learned a ton during this process while being able to take some intentional steps to protect my client.I'm going to do my best to explain this without divulging specific details, as I don't believe in having anyone shamed and I do not intend to break my clients' right to confidentiality.The property in question was less than 1 year old, built by a local builder who held full ownership free and clear of any debts. 

It may not be a simple DTI calculation but rather including your liquidity and assets into account - which may be a little complicated.

What if you're a cardiologist with no debt and making $250,000 annually?

You will make your money in other ways though... usually through appreciation and debt pay down.

Hello,Can I include rental loss in my tax filing for last 3 months of 2023?

Then I thought I could buy the house from my dad for $300,000, which would include the money needed for the rehab instead of doing 2 separate loans.