If that number is positive its added to your income figure if its negative you have to qualify for it as a monthly obligation similar to a car or min credit card payment via the typical 43-50% debt to income ratio depending on where your reserves/assets/credit are.If you've held the property long enough and filed rental income the schedule E of your tax return (or corporate return) will be used to determine the net income.The formula for net qualifying income once the tax return is filed is made to seem complicated however in essence it is the monthly average net operating income(NOI) based on tax return minus monthly debt service payment.

It shouldn't be difficult to find very bad areas since lead paint has a shiny sheen to it similar to high gloss paint.

Btw, if I have another property completed in the area with similar finishes, I will ask their agent to walk them through THAT property first, so they will have an idea of what their house would look like when completed.2.

We have since added and updated vent hoods, but if the tenant doesn't use them, we could eventually have similar problems.

Hi, I wonder how holding an airbnb/short-term corporate housing property will impact my ability to secure conventional loans for future investment properties.I am about to list my apartment on airbnb, which basically provides short-term housing similar to a hotel.

But, I have noticed that in two towns that have comparable populations, amenities, etc, that similar houses in each town have a big difference in taxes.

Not sure how long you would have to live in this property after purchase - I'm assuming it would be similar to the requirements on an FHA loan.

Any have a similar experience?

I've got a similar plan.

I imagine there are similar laws in place across the country.