A quick analysis would place operating expenses for LTR at about 1/3 of rent, so net income before debt service and depreciation would pencil in at $600/month per unit.  

You’ll have some requirements to show future income, but it might be the easiest “next move.”I wish you all the best.

Hi all,I believe it is common to have a situation where one spouse brings in majority of the W2 income and the other is either a stay-at-home parent, works part time, etc. and they can easily qualify as an RE professional for tax reasons.  

I found out (which I did not realize before) that Park National has a grant loan product that has no income limit, and works on up to 4 units. 

Hi everyone,I’d love to get people’s opinions on my beach condo short term rental.1 bedroom, 1.5 bath. 800 square feet.All the numbers I used are taken directly from the current owners records.I made the str income $4,000.00 a month because the previous owners were grossing about $51K a year.This is not a home run.

How much extra income can you earn with golf cart?

These platforms pool funds from multiple investors to invest in a diversified portfolio of real estate projects.Real Estate Investment Trusts (REITs):REITs are companies that own, operate, or finance income-producing real estate across various sectors.

For investment properties, this interest would be considered an investment interest expense and can be deducted against your rental income on Property B.How to Claim: These interest expenses are typically claimed on Schedule E (Form 1040), where rental income and expenses for investment properties are reported.Limits and Conditions: The deductibility of interest is subject to various conditions and limits, particularly with the Tax Cuts and Jobs Act (TCJA) affecting the deductibility of mortgage interest.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

If this STR business is viable, or if there are better options for shielding W2 and rental income, I am funded and ready to roll.