Since Florida has no income taxes...

You are better off budgeting money for maintenance and capital expenses and keeping a reserve in case issues arise faster than your budgeted money gets socked away from incoming rents.

Of course we love our income tax break in Washington and lean towards remaining in our primary residency to benefit from it but the constant driving back and forth is challenging.

Unclear who “middle class” is but it’s usually defined in the past as sub-$250k income.

Hi All,I currently have a W2 income and bought a STR.

Renting to travel nurses and corporate housing can be a great way to generate steady income from your property.To attract potential renters, you may want to consider listing your condo on websites such as Furnished Finder, Travel Nurse Housing, and Corporate Housing by Owner.

If not, any lease to own lenders for income generating buy and hold deals?

Looking for the following:- At least 80% LTV- Quick closing- Appraisal mix of income/residential approach- Take historical income from existing portfolio for newly finished homesThank you for any recommendations!

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

The problem I am facing is I don’t have income and no collateral so I can’t finance my down payment  with lenders/banks.