Account ClosedWould the depreciation schedule have to be changed from 39 years to 27.5 years if changing from STR to LTR the second year of ownership?

@Douglas Middleton Your best bet is probably to call a local bank, ask for a commercial lender, then tell them you're looking for a "business line of credit" or "working capital line of credit." 

Amidst a significant downturn in commercial property values, private investors (particularly high-net-worth individuals and family offices) are seizing the opportunity emerging as the dominant force accounting for 60% of deals over the past two years.

*reminder if you are uncomfortable with anything up to this point you can back out and get your money back (most of it)(21-30days out)Step8: at This point you need to get back in touch with your lender and make sure they still have everything they need from you. don’t make any large purchases or open any new accounts or you could lose the home. (14-21 days out)Step 9: appraisal... not a lot will happen between the day inspections end & the appraisal.

I've almost hit 2 years job experience for a conventional loan, I have qualifying credit, I've made good contacts with realtors and lenders from my Admin Assistant job in the loan world, and I've saved up enough cash for 3.5% down for SoCal SFR pricing (not enough for closing cost or commissions yet).

Interested to see how you looked at his listings, my understanding is that he has multiple accounts under entity names etc.

Calculate the expected cash flow after accounting for mortgage payments, property taxes, insurance, maintenance, vacancies, property management, and other expenses.

Purchased for 450k in 2019, current retail value~575-600 conservatively.rental vacancy rates about 6-8% depending on seasondefinitely a sellers Market here house are on market <10 days in most comps we've seen in our direct neighborhood. as far as diversified assets, are you talking like Roth, brokerage accounts?

We had one contract that fell through due to a credit issue.

I put too much into renovations because of the classic found a bad contractor story, so had to get another contractor out, and after 9 months holding cost and about $60K in repairs, $3K in appliances, I got the place rented. ( I also refinanced and was able to get about 133K out, which I paid off my HELOC and credit cards I used to pay for all the renovations and PP).