If I LTR it will cash flow $300-500 per month, which isn't bad but I want to get much more serious with STR investments in our market (I started an LLC for Airbnb arbitrage and just no bites yet).

@Seth VendelboeI also suggest speaking to local banks and credit unions.

Partnerships are like marriages so tread carefully as you have seen alot of marriages end badly.

And I assume they will allow poorer individuals the tax credit too, not just folks who can afford the $5 latte but are living in their parents basement.

It will be almost impossible for landlord to find another S8 tenant willing to rent in the bad neighborhood the property is in.

Too bad you couldn't make the deal work. 

highlight_post=6659747&page=1#p6659747As @Christie Gahan said, paying tax isn't bad. 

Max LTV should be 75%LTV based on the basic factors, credit & DSCR. 

Hi @Adam Davis,While you may not qualify for a conventional loan, there are non-qm loan options that can go off of your bank statements and credit score without having to verify your tax returns.Your thought of getting the loan and only paying when the house sells is not an option.

Example: a listing with a cool property but bad pictures or poorly written Airbnb listing, or maybe it needs a new design refresh or doesn't get many reviews.