I track everything at the "buy" on a spreadsheet as far as income, expenses, CoC return, ROI and have another spreadsheet to estimate and track all rehab costs.

There will be no capital gain due so no exclusion.If you really want to capture the section 121 exclusion while keeping control of the property you can sell it to an S Corp, but then you won’t get all the real estate tax benefit of passive income.

Thanks in advance.KayAssuming your debt to income ratio is actually being calculated correctly and is still too high then a debt service coverage ratio (DSCR) would be your best bet.

Our hope is to find ways to increase cashflow with this property short term and reduce our bleeding, and also consider the cost associated to implement.The property is 2 units fully occupied. 1 tenant already rents out our garage for an extra cost, the other tenants are left with no additional storage outside their unit.

In addition, there are 2 types of yields, "Gross Rental Yield" and "Net Rental Yield".

My question is whether those of you who rent on these websites do background checks on renters or have renters sign any additional rental agreements and just generally how you go about screening renters for 30+ day rentals. 

These additional assets give the lender more assurance in case the borrower can't repay the loan.

Hi @Brian MalavskyFor us in Columbus, squeezing in STR guests between MTR tenants can be profitable for reducing vacancies and increasing rental income, especially with platforms like Airbnb or VRBO.

I know most wont do that but rental income to me is not going to move the needle when your main income is real estate fee's and building homes etc hard to get excited about 200 a month :) 

If I need additional funds, I can give another lender a second mortgage after explaining to them that the first mortgage holds a stronger position.BUT... if you do some paperwork with the state and set up an entity.