@Julie Hill 2-3X returns compared to long term rental?

I'm in the position to apply(depending on lender DTI requirement) for conventional financing through the builder at <6% interest rate in this current market.

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

What I don't see mentioned on this thread (and also pertaining to a "recession-proof" STR), is how does your property compare to those around you?

How will this affect myself and my siblin regarding the IRS in terms of gift of equity, etc.I have spoke with a couple lenders that really can't think outside the box, and don't know how to answer these questions.

If so, ask your lender if an letter from your employer stating you work remotely would suffice the deal. 

There you will find 'lenders'.

Located in: Trenton, NJ *******************************My understanding is that technically, No, that would still give the lender the option to enforce the due on sale clause (DOS) and accelerate the loan.

Initial returns may be lower compared to flipping, but more stable.Considerations for Both Strategies: Market Research: Thoroughly research your target markets.

With your development idea, start the discussion with a lender since they will have ultimate control.