I didn’t have the time or inclination to do the STR until we had a broad base of LTRs to help bridge the financial gap that we encounter in the slow season.  

The issue is, based on her credit report and other known info, I added all the expenses: (car payment $722, debt obligation/month $1900, rent, renters insurance, utilities, estimated grocery, living necessities, her total **essential** expenses would be at least $800 greater than her net income. 

Based on my research, Los Angeles, Fresno, San Diego, and San Francisco are some of the top markets for travel nurses.   

As long as it gets approved, the overall process should be less than 120 days based on that packet. 

A link to it can be found on the homepage as well as under tools in the drop down in the top left corner of your screen.

We purchased this house based on it being near town, but moderately rural.

This is based on your numbers and I don't share your optimism that a 1/2/3 12 unit mix will bring in $12,000 per month there.Try to find a local partner with experience doing the building.

Thinking about making the first purchase:roughly $90K sale pricePlan to purchases with 100% Home Equity Loan 7% interest only for 12 monthsInvest $20-30K in renovations (using 7% interest loan)Anticipated value $150KThen Refinance $90K with conventional mortgage before the 12 months are up.It will cash flow $300 /month based upon current market rentals.Question: Could I also consider selling property where I finance?  

Peter,That does not sound accurate based on having a Schedule E and being able to take those deductions as well as other standards.As an investor it’s not a bad thing to show more gross income which usually allows you to buy more properties with more income and a lower DTI.

Covering all bases, right?