This last time I was told the loan was approved and a commitment letter was coming out on Friday.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

Granted this charge could be the one from 1996?

DSCR and hard money makes this pretty easy, but you would still be expecting to put down 20% on DSCR and a bit less on hard money. 

Anyone know any bird dogs I could speak to about this, specifically in Texas?

Looking into this group also. 

Sometimes it's all about who you know in this business, right?

@Dennis Pulscher, why have you waited this long?

My question is, can I legally rent this space?

This is a cozy, private guest suite tucked right inside our home.