You'll be living in one of the rentable units, you'll be putting a low payment down and rates are high.

Hi @Zachary Reiff,From an accounting/finance standpoint, QuickBooks Online is your best bet for an all-in one software.

I highly recommend it.Thank you for the advice. 

If so, I always recommend getting the study done prior to rehabbing.

.- 10% Pop Growth over the past 10 Years- 10% Job Growth over the past 10 Years- Low Crime- High Appreciation- Manageable Entry Prices- At least 30% Renter PopulationHere's an example of all those rules of thumb with a crime map of Austin, TX.

Hello,Can anyone recommend great lenders that works with 1099 income?

MTRs can offer a nice balance between the steady income of long-term rentals and the high cash flow of STRs without the constant turnover.In terms of locations, I've noticed that areas close to hospitals or corporate hubs tend to do well since travel nurses and professionals on temporary assignments often seek out these rentals.

I currently live here and would not recommend anyone live here.

The dangers of relying on getting your generic “what-if” questions answered here is that it has a high chance of being answered by someone (in another state) guessing what would occur.In CA (my state), mortgages are generally not callable merely on death of borrower.

Additionally, I’d strongly recommend offering the tenants an estoppel to confirm the terms of their lease and any verbal agreements they've made with the previous landlord.