That could crush buyers who already are tight in coming up with enough money for a down payment and closing costs.

We market the home, handle the showings, application, credit and background checks, verify income etc and then submit to the owner for approval.  

There should definitely be options for you using DSCR which many lenders will count your STR income either based on projection or your rent roll.Also, check local banks instead of brokers.  

Our long term goals are financial freedom, including matching my current salary with rental income in the next 4 years. 

Unfortunately this is a low income working class area. 

My wife is about to go back to school so she will not be contributing income as well as she will be tacking on a lot more debt to her initial student loans.

Hi Alex,As for conventional cash out refinance, assuming you will use full documented programs, your rates and terms will be largely dependent on your credit, income, DTI and equity.

They didn’t go as strict as they threatened, at least not yet…https://www.atlantaga.gov/government/departments/city-planni...2 properties maximum and the first one must be  your primary home… so be prepared to move there and pay state income taxes  https://www.atlantaga.gov/home/showpublisheddocument/54610/6...you and your landlord will have to get this form notarized.Please just make sure you have a plan to keep making rent payments after your short term rental plans are banned.  

@Joseph O'Sullivan, great question.I'd ask how they handle generating and delivering 1099s.

Because of Larson’s fixed Social Security income, he could not afford to pay the property taxes he owed, nor could he afford the cost of utilities in the home.