@Lilly FangThe way I have done this in the past was I had a lien on the property and let the property be in the name of the partner but we had a jv agreement outlining the terms of the profit split on the deal

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

I would also explore the different rental strategies- long-term, medium-term, short-term, or rent-by-the-room.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Taxes are typically classified as expenses and deducted as current operating expenses.   

Floor is just painted concrete, and that includes the 300sf which the county assessor counts as fully finished.I'm reading that DSCR rent appraisers may not count partially finished space at all, and count fully finished basement space at only 25% of the rent of main floor space in the same house.What are your thoughts--is this how it typically is for DSCR rent appraisals?

Hi, I am new investor and just got my first cash offer accepted for an investment property which I am planning to use for a long term rental.

We will most likely be doing a long term rental.

I think you'd be better served to turn the STR unit into a long term rental.

I know it is crazy to think but is there private lenders to talk to that will work with you on rates, terms...etc?