Since I don’t own the home until after I close on it, I would need to pay for a rent schedule for appraiser to calculate the average rental being charged for the area in which I'm purchasing.

I have that scheduled for this Friday. 

We have considered doing airbnb and switching to nightly rentals, the cashflow would be better but its also a lot more work and expense as we would have to schedule cleaners and do more laundry service.

I have a call scheduled Monday to discuss a cost seg but would love a little more insight before that meeting.We will be closing sale on a few RV parks in October.

Hello Cliff, as I went through this about five years ago before I started investing in properties, the advice that you’ve been given initially is right on point so from another perspective, but say that you hire yourself as a W-2 employee instead of an owner on your schedule C personal 1040.

Hello Rick, I've only come across 1 company to do 2nd position DSCR Loans, here is his contact info.Erik EstradaLuxePrivate Investments LLC Loan Originator, OwnerDRE 02161719 | NMLS 2289340Direct: 818.269.7983W:https://luxeprivateinvestmentsllc.com/Schedule: https://calendly.com/erik-dra

Since you're in college, consider what will best fit your schedule and provide the most valuable learning experience.

Look me up on google and let’s schedule a time to chat more about it.

Never 7 years.If she wants to take the depreciation in year one,  she can do a cost segregation and accelerate that depreciation schedule.

The 27.5 year depreciation schedule is for a residential property improvement as a whole.