I'm fairly confident from reading online we don't qualify for an exemption, but I'm trying to assess actual closing costs to trying and reduce them All details:Bought the house 2.5 years ago for $980K (left on mortgage $753K), we have a clause for an assumable mortgage for me to take over (I can keep same rate).

It covers your down payment and in most cases the closing costs depending on what state you live in or County.Focus on 2-4 unit multifamily homes first if possible because you can use 75% of the rents per month of each door/unit as income to qualify. 

You can do a second mortgage using DSCR to qualify and be able to close in an LLC however I have not found any HELOCs that allow closing in an entity. 

If the tenant makes sense, the rent is there, and it all works for the particular property, I'll go with S8.But I'm not the type to turn down a well qualified cash paying tenant simply because I only want S8.

Was not able to rent it and selling was a challenge as high interest rates reduced the number of qualified buyers.

If a deal doesn’t qualify, our coach personally explains why and offers guidance.

While reading these discussions, notice whether people who share their opinions are qualified to do so.

Because I’m still building my portfolio of rentals, I have them in one LLC because it makes qualifying for loans easier.

W2 jobs do NOT qualify you for Real Estate Professional status, even if the job is in real estate! 

I'm wondering if I can qualify by using just 1 or 2 bookings (under 7 days of course) for the year.