Debt to Income Ratio will be used for more conventional types of financing (Fannie/Freddie).

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.

Quote from @Jason Burkart: Quote from @Linda Weygant: A few issues come into play on this.1. 

Any advice on potential MTR markets near Houston and surrounding areas?

The comps showed this half bathroom added $50K of value. 

@Christian Rodriguez  Typically there aren't any restrictions on how you want to use your cash once the Heloc has closed. 

@Stephanie SelbyRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

But can someone please answer this specifically:"Do I need to file in MO even though I experienced a loss in 2024?"

💪 Start by networking with local investors and wholesalers to find deals, build relationships with contractors and lenders, and analyze numbers relentlessly so you don’t overpay.Stay focused, take action, and don’t be afraid to learn as you go! 

I met with Wicked Smart today and was told they help you set up a lead sourcing system, help you structure creative financing - which is essentially lease option/purchase, subject to and owner financing....all strategies I am interested in learning more about.