Added a renter, so far Lessons learned?

Learn your market inside and out—know property values, motivated seller strategies, and how to analyze deals properly.

Lessons learned?

Over time, I learned a lot about what works (and what doesn’t) for new investors.1.

trying it as a MTR has been less that fully successful. considering pivoting to LTR> Lessons learned?

However, these programs typically qualifies borrowers based on their income, such as tax returns.The DSCR would be a good option considering you and your husband are entrepreneurs and the tax returns don't look good on paper.

Sometimes hard to find this happy medium in rate sheets, though.Another consideration would be taxes - points are typically treated as interest, so if your tax obligations are high this year vs being higher in the future, then this could also impact buying down now vs paying a little more in interest in future years. 

The property tax savings are going to be in the ball park of 40-60%, but to be safe you should double your expected repairs budget when calculating the NOI.If you have any other questions, or want a more in-depth response, I would love to help!

Hey everyone,I’m new to real estate investing and looking to learn from those with more experience in the Florida rental market.

The challenge for a PMC is having the time to answer all your HUNDREDS of questions and handholding you as you learn, while still making money.