You compromised your lendability by taking write-offs to show you didn't make much so in a bank's eyes, you didn't make much.Any alternatives that are come here (sub to, seller finance) aren't realistic for a regular home buyer.

I've gotten the current infill lots by word of mouth, wholesalers, and people coming up to the build site asking if we'd like to buy their lots.

After Browsing through many discussions that pricked my interest one stood out among the rest and that was "The 5 Biggest Mistakes New Investors Are Making Here In The Forums" by @Jonathan Greenewhere he wrote about1.

You will have a mismatch between depreciation allowed from the federal & state level for the entire life of the property which can create some added administrative burden for some.Just in case there is confusion by the way, you are still allowed to take bonus depreciation under your federal return, just not for the state of Connecticut (among some others if others are reading.

I am looking to start investing myself by purchasing a primary residence and then converting to LTR after 1-2 years.

Taking possession of the Premises by Tenant is conclusive evidence to the fact that the Premises are in good order and satisfactory condition." 

Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.Quick Overview: - The cost of application fees has increased- Platforms will remove listings without legitimate permit numbers- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)- Updated Party Prevention measuresMy Take:This should weed out some hosts that have not been abiding by the permit requirements.

If they say they overpaid by $8,000 they will have to prove it.

@Ben Halloran I use a service, [email protected], which lists the names and addresses of deceased property owners, based on obituary filings, which preceed the probate publications by weeks or months. 

It was intended as a fix and flip, and our original exit strategy was reached. we bought with hard money then did a refi to convential because repairs became drawn out and rented for some cf to by is time. we ended up selling for 405,000 and our loan balance was 235,000.