Definitely want to speak to a tax professional and an attorney on this one as I believe you are correct in that you would be buying the current depreciation schedule so your basis will be much lower from the outset.

(I'm worried that my sisters lower credit score will negatively impact interest rates)Purchase the house outright for $160K , pay off the note, wait 6 months seasoning period and take a HELOC out for AUD.

You get a referral agreement signed for 25% and when they close for the client, you will get your check.

Since the Dodd-Frank Act and HVCC (Home Valuation Code of Conduct) in 2010, most lender appraisal orders are given to amc's, where they may charge the client one fee and pay the appraiser a significantly lower fee, as well as causing other headaches dealing with them.

They also have lower monthly payments because of the needed mortgage insurance.

Those people just put their cabin on whichever local PM gave them the best sales pitch, and most of them charge 40% (although now they are doing "introductory" lower rates for the first year if you sign a 2 year contract.

Hello,My wife and I are closing on our first STR in two weeks at Lake Tenkiller in Oklahoma.

Pockets I would suggest would be Miami Gardens close to the hard rock stadium, Hollywood, north Miami /north Miami Beach as well.

We just purchased 8 multi-family properties in Lewiston ME with another 5 closing next week.

I want to be the one to find them that lower rate.