People will still buy in these places, and they tend to get used to it… just something to keep in mind.Proximity to major employers or your work.

Nazareth is certainly not a destination town so I'm curious if any of fellow BP members from the area have employed a str strategy and to what degree of success. 

@Chelsea Ziss As mentioned, you need a cpa”s advice going forward.But...1) do not put the rentals in the S Corp.2) it Could be beneficial to do your flips, depending on how much you make per year with flips, in the S Corp3) your flip profits are not capital gains, they are ordinary income and just like your commission 1099 income, subject to 15.3% ss/med self employment tax. 

They just want a safe place to park their $ and have faith it will grow safely via appreciation in the US housing market and generate cash flow.

Its such a great way to build generational wealth for you and your family. 

Got my credit score thru the roof and stable employment, and a small bit of cash.

Hello,My employer is in CA and I worked remotely from NJ in 2020 , I also own a multifamily in NJ and earned rental income in NJ. 

The bank will want to know there is someone on the loan who does have that credit history, employment history and $$$ in the bank. 

What do you expect it to generate as a short term rental after you move out?

A Bank statement loan is used primarily for a self-employed and will require 12-24 months of business or personal bank statements.