The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.

Investment Info:Single-family residence buy & hold investment.

If you are looking for financing, I would make sure you can qualify based on long-term rent (one lease), and the property is not currently operated as a rent-by-the-room rental. 

It will, depending on the financing, rents are strong in that area.Let's say you take a mortgage of 600k (75% of your ARV) Taxes - 5k Annually Insurance 2k Annually Rate - 7.5% 30 Year Fixed Your PITI payment would be $4,778.62If the lender is using a DSCR of 1.1 - you would need actual / market rent of $5,256.48 to qualify for a 75% LTV loan. 

If the sales position is your FT job it would be unlikely that you would qualify for REPS.

My wife is ready to retire from her job and totally into trying out REI, and after watching a  newbie webinar by David Green, she is ready to put up our primary residence as a rental and look for a duplex or multi plex to purchase and live in and rent out the rest.

Happy Monday BP Community,I've been working on building out a list of good investors in South Florida but I've started to plateau. Any advice or pointers on finding these investors would be appreciated.Daniel VargasAu...

Hi Vince,It depends a lot on the type of program (Conventional, FHA, VA, Non-qualified mortgages) as well as the property and borrower.

Typically, we set up entities in the state in which the property resides. 

It also depends on loans that you are trying to qualify for depending on credit, experience, and other factors.