I am taking the course and definitely learning a lot.

A lot of that knowledge is going to come from the real world experiences I gain with the existing property over the course of the next year.

My original plan was to move into the “turn-key” unit and rehab the other two units over the course of an estimated 6-months.

Quite literally, if the rental income is equal to or greater than the PITI, it'll qualify (with some exceptions of course). 75% LTV is typical, but I have worked with lenders willing to do 80%.

Of course there are still repairs.

I say a range because a lot goes into the rate; LTV, cash out or not, rural or not, number of units, DSCR percentage and of course credit score.Hope that helpsStephanie

However, it is important to consult with a legal professional or tax advisor to ensure that this arrangement is feasible and complies with all applicable laws and regulations.

Readers are advised to seek professional advice.

of course, consult with a professional, but recommend starting here https://www.irs.gov/taxtopics/tc701As mentioned, you still have to pay the depreciation unrecapture.Good luck.

REmember, the licensure course doesn't tell you anyhting about being an agent, how to get leads (thats pure sales), how to conduct a transaction, how to save the deal, etc.