I'd like to do fix and flips full time but don't quite have the capital to do this from the start.

Have you seen something like this in an NDA you have seen or signed?"

This is my first time going non conventional.

Will a DSCR loan apply to this kind of transaction, being that the house wont be deeded in my name until after I pay my uncle the balloon payment on the seller financing amount?

   ( This is why I wont buy in a HOA )  

I’m sure this is an easy one but I am new to this strategy.

Not sure if you have a direct question, but reading the questions between the lines on when a property is actually considered to be in service.Facts and circumstances.Generally for a rental property it is "in service" when it is "ready and available for rent" - meaning you are marketing it for rent, and a tenant could utilize a property that day.

Do keep in mind, we are not approaching this from a purely investment standpoint.

Purchase price: $380,000 Cash invested: $60,000 This is a single family, brick home in SLC Utah, split entry with a big back yard.

Do I record this in my 2023 or 2024 taxes?