It's often more expensive but can work if the cash flow from the properties supports it.3. 

cash flow?

Initial Plan: Use the property as a long-term rental, aiming for cash flow neutrality or slight positive cash flow.

The seller has countered with the following conditions:- Loan to value (LTV): 80%- Earnest money held by seller's recommended property management company- Final inspection within 1 day of closing- Commission paid by to buyer's agent is 2% of final sales price.I'm seeking advice on how to proceed, as I have some concerns:- Why would the seller request an 80% LTV?

In your experience, what specific factors do you find most critical during the underwriting process?

You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.

-Youtube, Google, and ChatGPT: I often find myself looking up videos or asking ChatGPT about terms I am unfamiliar with, which has been a great help so far.

Should I open a separate HYSA or similar vehicle to park additional cash reserves and or taxes set aside from prior projects?

Purchase price: $185,000 Cash invested: $54,000 Bought to rehab, and turn into a Short term rental in a market that has no single family homes listed on Airbnb/Vrbo.

Hi Patty - it depends on type of accounting method you use. if you are using cash method accounting, you can capitalize and claim in 2024.If you follow accrual basis, you record in a year when service is completed.Hope it clarifies.