We thought it was an ideal house to STR - and it would have been just based on the location, and perhaps the experience of staying in an old home.

The chart below shows the additional cost for a base rate for situations including investment property.

Debit- (other Expense) DepreciationCredit - (Fixed Asset) Building: Accumulated Depreciation (under the Fixed asset category in QBO)You could get the calculation from your accountant; it's based a just a few factors.

We thought it was an ideal house to STR - and it would have been just based on the location, and perhaps the experience of staying in an old home.

@Gabe Bouldien@Chris Seveney and @Doug Smith are mostly on target, but there may be a small window of opportunity.Any contributions you make to a current employer plan will be locked into that plan.You may, however, be eligible for an "in-service" distribution based on the language in your plan document.  

I have a home based business.

I am a realtor based out of the Raleigh area and love helping home buyers whether as an investor of if you’re looking for your forever home!

Based on walkthroughs of the property, they may offer estimates that are more accurate.

Regardless, I’d still like to get a month contract with these stipulations to make sure the bases are covered.

But, it is definitely possible if you snag a property that you can't pass up on to utilize a Mortgage Broker who can generally get you set up with something based on your needs at the time.