I only have one property and it’s got around 80k in equity that I can’t use until mid July but make decent income from that rent, my plan was to use the initial cash out refinance to do a fix and flip or 2 to pay back the refinance and use profits to go towards another rental but the waiting period I feel is making me miss out on a lot of opportunities.

Generally, when you redeem reward points for flights, hotels, or rental cars for business purposes, the IRS considers the fair market value of the redeemed rewards as taxable income.

I need to replace that monthly income of $5200 a month, and I have ambitions to invest out of California and am looking at markets like vegas either short term rentals, codo hotel (very iffy on this), and Toledo, Ohio. 

Even if he's living off a recent inheritance, I would have asked to see his work history to ensure he's not (a) scamming, or (b) earning money from criminal endeavors. 3.

can cashout rural to 75% no income no doc on the DSCR program .

LLC probably will just need lease and rent receipt, Conventional will want all your income docs etc. 

My 250K tax benefit will run out before his lease does on the 2 of 5 rule, so it might be a good time for me to sell - and help him with a lower rate than banks can give while giving me income until he refinances.

It increases the liability risk, it increases wear-and-tear, the tenant is using your property to produce an income, the extra traffic could impact their community, they may be operating in violation of the law, and more.If I caught someone doing that, I send them an immediate cease-and-desist.

@Christian Busch i’m a broker that specialize in income producing properties so I end up working with buyers sellers and tenants.

right area, good STR income How did you find this deal and how did you negotiate it?