That is different as I live in MA and we don't do that here.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Here's the BIG difference that I see between new investors and seasoned one's:  action. 

I have several other properties with different property managers and noteam has been more involved and helpful as the HomeRoom team.

For this reason, it would be prudent to not overleverage yourself in this type of environment in order to wait and see where rates do end up falling, as there is consensus in the market we are moving into a falling rate environment, the exact timing of when rates will be falling is unknown and different scenario analysis should be added to underwriting refinance periods to be sure the project is sustainable if inflation resurges and a refinance is delayed.

Given you and your investor both have experience in different areas, I’d say keep a flexible approach and compare city requirements before putting too much money down.

No offense to realtors but how a property is set up or length of time it has been rented for has no bearing on the legality of the property records on file if they differ.

Hi @Jerry Nogueras that depends on your goals and how open minded you are to different strategies. 

The reason I post this here is because I got totally different answers from two CPAsHere is the story:I bought the house as investment property and run it as STR for the last two years.

See the difference?