And as a follow up- Will applying for financing muddy the waters of ownership?

To me, business policy can be adjusted as needed as long as it’s applied evenly to all your tenants to avoid discrimination and just being unfair in general.

By applying a Cost Segregation Study, the property investors accelerated depreciation for the first year to approximately $2 Million.

On rare occasions I've been willing to stretch it to six months.If your tenant wants to stretch it out more than six months, I would tell her to go apply for a personal loan at the bank, pay you in full, and then she can make monthly payments on her bank loan.

Certainly don’t plan on guaranteeing this person my tax advice is correct, but wondering if the homestead rule applies here?

As long as he's applied and passed your screening, you should allow him in.

You left out that the CoCR is only applied to the 1st year of ownership.

Of course, the one that still has 5 months on her lease (which includes all utilities paid by landlord) doesn't apply here.

They apply this concept to their lives and businesses.

@Rasean Lowe  I'm not a wholesaler, so my experience may not apply here.