So if your debt (consumer or mortgage) is above an 8%, then feel free to pay it down to lock in that return.

They can just go to Airdna and check how much money the average short-term rental in Punta Cana makes and they'll have an objective answer.Finally, I'm getting bombarded by messages from Dominican developers building short-term rentals in Punta Cana so, when looking at the statistics, bear in mind that the supply and therefore competition is going to increase significantly.

Please feel free to contact me privately or follow my journey on social media, where I've been actively documenting my experiences since 2019.

So feel free to reach out and let's connect!

We would NOT need to order a 1007 market rent report if we had either:1st months rent and security deposit2 months of rent deposits (canceled checks)If it’s a departing residence we could only use rental income to offset monthly payment (we couldn’t use extra income if 75% of the lease was 3,000 and mortgage was only $2,500 I couldn’t give $500 of income to boost DTI unless he has moved out of the home for some time and we have 1 year of history of being a landlord (which it sounds like we do, just not sure if he’s just moving out of this home).

For the future you should have a check list of items to refer to. 

If you're in LA and want something you can drive to check out Las Vegas.

I assume you’re checking to make sure they literally still live there.  

Do background checks on anyone applying. 

Feel free to reach out if you have any questions.