The FEMA 50% rule does come into play, but we do a lot of ground-up construction, so some investors that do have some new build/heavy rehab experience are tearing down and building back to current codes.

I’m diving into real estate investing with a focus on rental properties, and I’m looking to connect with like-minded investors, lenders, and partners.A little about me:•I’m currently working on securing my first rental property and seeking a strategic partnership with an investor willing to fund the deal while I handle the operations.

I currently own a commercial general contacting company.

Bought under value and currently adding a couple more homes and have brought two new tenants in as well What was the outcome?

Lenders do not look at your personal income or debt and will use the current market rent or lease (up to 120% if the lease is significantly higher than market rent or vice versa) as qualifying income.

If you spend the entire $300k restoring the property, then here is the end result:- deductible casualty loss of $50k- no current tax- the restored property has $0 basis and cannot be depreciated- when it is later sold, the entire sale price is taxableMechanics and reporting are tricky, and I would not recommend to DIY it, especially since my scenario is over-simplified, and your real scenario is likely to involve more gotchas.Thanks so much. 

Quote from @Jaycee Greene: Hey Jaycee, we currently lend on several loan types: Fix & Flip up to 90% LTP, BRRRR, New Construction, Bridge Loans, & Multi-Family.For myself personally, I'm looking in the Orlando, Philadelphia, and Southern NJ markets, 1-4 units.

It's a nice place and an upgrade to my current apartment I rent. 

It sounds like you're in a great position with $100K in equity in your current home!

I am currently working in consulting so would be unable to provide full-time work, but I would be available for part-time work.