I am a bit confused as to why you have a $7,600 swing by changing entity type, I could see it causing some difference in accountant fees at the very least if you're including them in that, and maybe something with SE tax, but $7,600 for a new business seems a little much.

For example, all I have to do is type “rental1” in my iPhone and it will replace it with that first reply.

While I have some basic knowledge, any advice or tips for the purchase process would be greatly appreciated.Asking price: $460,000Mortgage Type: FHA / Fixed Rate / 30 Years / 3.5%Unit 1: Primary ($1700)Unit 2: Tenant ($2000)

Scottsdale is a popular place for STR's, East Valley (Gilbert, Mesa, Chandler) is always growing.

That have me the desire to go full throttle.I heard I am mentioned in a popular book on short term rentals. 

Purchase price: $198,000 Cash invested: $100,000 muti use building consisting of Deli, Laundromat, office space and 2 bedroom apartment What made you interested in investing in this type of deal?

The Lake Tahoe area is popular for STR and is highly competitive yet some people do make it work. 

Is he running a very established business, lots of web presence, social media, referrals through “next door” type boards, to go after in small claims court.

Hey @Justin Williams,I'll start by saying even the most flexible loan scenarios will look at credit. how it relates to the loan process, however, will differ depending on which loan type you go with. my gut punch reaction in this is that your credit score is more about limiting your LTV due to the subject prperty being a multi-family, or potentially driving the rate up so that you no longer qualify (rates are higher on MF than on SFR typically)....it also could be about how your lender is calculating (or not calculating) the rental income coming from the different units.

Remember there are two types of sound - acoustic (noise) and vibration.