Just want to be careful on which broker/lender you use because some of them have a prepayment requirement and try to stick you with a 3-5 year prepay.There is also a 40 year I/O interest only but its only fixed for the first (10) years.Make sure you know how many months reserves they require before you get to deep into paying for the appraisal and then find out the deal is cancelled in underwriting.

As long as you meet the seasoning requirements you should be able to qualify for a mortgage based on the As Is value.  

From a tax planning perspective, you are only allowed to start writing off the home once it is placed into service (once the lease starts).You are also only allowed to write off the depreciation, and any other costs or losses against the earnings from the property.That is, unless they get the real estate professional status, which requires 750 hours a year working in real estate.

The goal is highest rent for lowest investment cost and lowest maintenance.

There are some requirements with my account on the ability to withdraw regarding how much you can withdraw at once and how frequently you can withdraw.

However, I encountered a hurdle in the form of a scope of work requirement.

Factor in all your expenses such as property taxes, insurance, repairs, maintenance, repairs and potential rents. 2.

Many lenders typically require a minimum loan amount of $75,000, allowing you to access up to 75-80% of the property's value, provided that the DSCR ratios meet the lender's requirements. 

STR's require a lot more work though - its definitely not passive.

Her claim is that her disability requires that she not move furniture and further that she is uncomfortable with anyone else moving her furniture and her mental health disability requires this accommodation.