Because I’m still building my portfolio of rentals, I have them in one LLC because it makes qualifying for loans easier.

We have newbies and very seasoned investors in the group and the sole purpose is to help people with their properties, whether that is sourcing & qualifying markets, set up, trouble shooting or building a network of go-to resources.

Get pre-qualified for a loan and look for a multi-family to purchase instead of a single-family. 4.

I'm wondering if I can qualify by using just 1 or 2 bookings (under 7 days of course) for the year.

Hi Jim, if the property isn't being used as a STR currently, certain DSCR lenders can use data like AirDNA to qualify for financing.

660 and above should qualify you for DSCR. 

Vet some PMs, tell them your situation, and get a very qualified one to get you out of it.Going forward, either learn how to detach yourself from this nonsense or enter an asset that does not require human interaction.

Not an issue for everyone ( mine is 800) 3 For down payment  there are  down payment savings plans ( I have an IDA) In addition there may be additional 1st time or income qualified grants available  ( in my area its up to 60k- if the funding is avail) Also non IDA savings and gifts ( from what I hear) could be used.

I want to know if this type of business qualifies as a “real estate professional” status.

W2 jobs do NOT qualify you for Real Estate Professional status, even if the job is in real estate!