Among the myriad of options, mid-term rentals are increasingly standing out as a golden opportunity.

My friend has a property he is rehabbing in Detroit and we are at seeing if there is other options to refinance other than private lender.

.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.

My job is to make repairs and get the place lease optioned so it is producing income to cover the interest payments I need to make to the lender.

What has me worried is that since the eviction process is taking so much longer, many are turning to other options such as cash for keys which dont end up on a tenants record.. they end up moving and doing the same thing with the next house/landlord and we continue a perpetual cycle of non paying tenants.

I work with a couple of different PMs there to keep options open. 

Hi all,If you move out of a househack and make it into a full rental where in my situation, 2 units are rented out. Is it highly recommended to switch the home insurance to a policy that is meant for rentals right aft...

Is there someone (possibly a more real estate minded CPA) who we can tell our future plans to and they can educate us on all of our options?

Then last option would be a "unsecured" personal loan where the bank offers up to $50K for example to pay off and consolidate debts.The 2nd and the personal loan will pay off debts and lower DTI and you might have enough left over for down payment or just use VA again.

@Joyce Kim, have you considered your options under SB9?