We can use off market homes for DSCR, no requirements besides that it is legally in livable condition.

The bookkeeper that you hire must specialise in STR's/Vacation rentals bookkeeping and should be on-board with all the tools and requirements you have.

@Rich Emery if you're not EXTREMELY organized, you'll spend every day with your "hair on fire", making critical mistakes that cost your clients - and you'll get burnt out.Don't forget to research the licensing requirements of PMCs. 

my guess is just water creeping in over the sill plate for both situations...but alas; I am not a structural engineer :(Happy to talk shop with you about the KC metro REI arena.

Q1) Is there a minimum interest rate requirement?

Here's some guidanceon finding your first deal:- Define Your Criteria- Explore Financing Options: Withyour budget for a down payment, you have several financing options to explore.Conventional loans typically require a 20-25% down payment, while FHA loans forowner-occupied multifamily properties may allow for a lower down payment,around 3.5%.

Hi Kristin, For DSCR loans, personal income is not required.

Some of the cleanest lake water in the country. 

Cash out refi usually requires a seasoning period (eg. 1 year before you can refi) but can vary lender to lender

Just wanted to thank everyone again for the help.I can't say I fully understand all the issues raised, but it sounds like the bottom line is that there is no way to move the asset out of the s-corp without triggering a capital gain liability.Interestingly, the thinking required by me to address your comments made me realize that I am not depreciating this asset.