The big question is what kind of service/experience are they bringing to the table?

., using a full-doc loan... if its schedule C, you would need to do a 2 year average of this income in order to use it. its looked at as a business, and self employment income. if its schedule E, theoretically you could use the schedule E income calculations just like any other rental even after the first filing.

2- If I employ a full-service property manager to handle tasks such as cleaning, maintenance, booking, and guest communication, while I focus on business aspects like property search, renovation, decoration, bookkeeping, and supply procurement, would this still qualify as material participation or could it pose a risk?

In my experience as a CPA I find that the tax prep firms have bookkeepers but their primary service is tax preparation.

You don't have full control over the property with a condo.

Hi Alex,As for conventional cash out refinance, assuming you will use full documented programs, your rates and terms will be largely dependent on your credit, income, DTI and equity.

Full interior remodel What was the outcome?

That's one of the ways in which those projects are able to provide services to a higher density of units...individual City services are typically not feasible for these projects because they won't meet City requirements for access maintenance etc.

Our strategy is simple we are looking for 10+ units, vacant, that need full renovation....these are all long-term holds because even now a lot of the deals aren't great in cash flow.

Commercial loans are full documentation with a full income analysis, making it hard at times for investors to get into 5 plus units.