Its going to be managed by a property manager and thus a passive investment which is allowed per h1b rules.However, I am being needed to procure state and county hotel tax certificates which almost seems like I am launching a hotel business in the records of state.I am starting to wonder if this can cause issues down the lane when renewing my visa or applying for green card.If anyone else has a similar experience or own STRs on h1b, urgently want to discuss this with you.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

It seems like Huntsville has a nice combination of cashflow and potential appreciation.I'd be interested in hearing from folks more familiar with the area on the general view of the city in 2024, things to look out for, things to avoid, etc.

The loan program qualifies the property by using Rental Income to cover the Total Mortgage Payment which includes Taxes, Insurance, and HOA.Regards,Michael Taylor

You might want to seek out experienced local investors, who can point out local risk and help you avoid it.

From Wikipedia, Alabama has the second lowest property taxes behind Hawaii.2.

I just received the appraisal for 2024 and the assessed value will increase $28K, increasing my taxes $600 if the tax rate doesn't increase.

I would avoid hard money lenders on this purchase.

Additionally, because it is a new construction, it is taxed as raw land for the rest of 2024, which will only be about $30-$40 of taxes for the remaining seven months of the year. 

The notary keeps a copy in the closing docs anyway so there’s no avoiding it.