My credit is 770+ and my W-2 income is strong and healthy. any advice is greatly appreciated. 

You really don’t want to sell in under a month or you’re facing regular income tax plus self-employment tax instead of capital gains tax or zero tax if you move in. 

Thanks to the Cost Segregation Study, the property investors accelerated the depreciation that the first year depreciation was approximately $356,000.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

3) SM Property Value Appreciation Trends4) SM Pop Growth5) Safety compared to the rest of Dallas6) Income - median and avg7) Rent Cost - median and avg8) Rent Growth Trends9) What percentage of population under poverty line10) What percentage of pop are families 11) What percentage of population are families w kids12) Avg people in a household12) historical vacancy rate13) avg bed/bathroom composition14) Profession by percentage 15) Commuter population by percentage and commute timeThanks y'all!

Hi Pafoua-I have dozens of options for DSCR loans with 620 credit that only go off the rental income, with consideration for your equity and credit score.

Utilize the DSCR program 30 year fixed no income no doc .

The long term goal is passive income, but we are willing to wait 10-20 years to get there.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

It seems like we would be paying decently more even with the rental income than we would be just renting an apartment.

However I will say financing 95% at today's high interest rates with 33% of the units not generating income sounds like a tough hurdle to overcome in this market, even if you're pulling in strong W2 income.