It depends on the strength of the leases, quality of tenants, and about 17 other factors.Are they paying market rate?

Real Estate News in BriefA string of favorable data (lower inflation, higher unemployment rate) has convinced the market that the Federal Reserve will begin cutting short-term interest rates in September, and mortgage rates are already moving lower.Reminder!

JustinPersonally I'd use it to buy off market using creative finance keeping a healthy amount in reserves.

I'd suggest trying a few different lenders in your market to find one better equipped to support you purchasing with a VA loan.

Then you can be in it for the long haul when the area becomes more developed and the market starts to mature.

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Hey @Martina Su, do a search as there are several threads with tons of info.The bottom line is that there are restrictions all over the place so you should get a good realtor locally who knows the areas and market to guide you.

I have off market investment property inventory here in Florida.

So then the house is 10% owned by The Person, and 90% owned by The LLC (income and expenses shared accordingly).Now this year say I want to take the same percentage (10%) - and say it's a flat market and the house is still appraised at $500,000.  

You cannot use "short term rental income" to qualify on the subject property BUT you can use 75% of the appraiser's rent valuation on the 1007 market rent schedule.