Also, for house hacks generally, you cannot write off any % of your mortgage since it's your primary residence.

Taxes can be problematic in the area, but one way to mitigate that is by finding a property needing renovations that would qualify for tax abatement: https://www.columbus.gov/devel...There's also lots of solid areas to target, too many list, and fewer to avoid.

The commercial part which I assume is downstairs has to be less than 49% of the square feet and lenders may give a huge haircut to the commercial rents to be able to do a residential qualified loan. 

My plan is to get a HELOC on our primary residence to use as needed for reserves, and save all profits from the STR until we have sufficient reserves. 

I’m qualified to buy a house but im 40k away from having a strong offer for a home I really want.

Investment Info:Single-family residence buy & hold investment.

The main caveat with that is you may be limited on how much rental income you can use from your departing primary residence (the house you are buying now) when you go to buy the next one, unless it is at least 100 miles away. 

I am planning to buy another house as the primary residence and rent my current one out.

My father also has another property that I am a cosigner on, he tried to get a HELOC but was rejected due to low income so I'm wondering if I can come and qualify for the HELOC even if I just purchased another primary property?

Hello Everyone, I am a resident of Washington State but I am looking out for leads and suggestions on which states are good for BRRRR to invest in.