Santa Rosa Beach is more of an appreication based market of 9-11% and typically cashflow for 4-7% cash on cash return on rentals. 

I'm Megan, a Realtor based in the beautiful Bay Area of Northern California.

Quote from @Matthew Kwan: You can either go towards DSCR where it does not require to use your income to qualify, where it only looks at the performance based of the rental property in a metrics of ratio.

Taxes are based on the land and home, so it would be higher than if it was on a single lot, but the double lot also opens possibilities.

Based on the numbers you've provided, this deal seems to have solid cash flow with the Section 8 rent at $1,274/mo and your monthly obligation at $697.08.

I always run credit as a the last step in the application process but that choice is based primarily on my location and California law.

Based on latest report, our inventory is increasing higher as usual as well for january.

However, if you later undertake a small project that qualifies for a safe harbor and meets the criteria for an immediate deduction, it might be possible to deduct that expense in the year it was incurred.Again, it's crucial to consult with a tax professional who can provide advice based on the specific details of your situation and the tax laws in your jurisdiction.

Cause on the lender's internal metric analysis of loan performance the loans that perform the worst over time are the FN bridge with rehab loans.I think it's investor based. 

View report*This link comes directly from our calculators, based on information input by the member who posted.Two unit property - main house is 2/1 with a 1/1 ADU out back.