If you intend to STR from the get, use a commercial loan from the start.2 - You can, but you won't know until the cost seg is done.3 - I am not sure of this.4 - You would be looking at 10-15k in expense for a cost segregation study.

My business partner and I have roughly $50,000 in expenses on $160,000 of income and virtually no debt obligations.At 20% down with 5% repairs and 5% capex assumptions, the property cashflows $157.52/door.

It's a beautiful waterfront property but was inexpensive due to being on Native American land. 

They are typically quite inexpensive, so worth looking into.I also require my tenants to have their own renter's insurance policy, which reduces my risk to my own insurance policy on the property.

02/05/17What to expect:1) You will attend a Success path free bootcamp, where you will get some free material, where 90% of the time they will to sale a "FASTSTART" THREE-DAY BOOTCAMP for, in our case, $1990, and other Online training... the other 10% they will talk you about how awesome is invest in Real Estate (it really it is, I agree with) and then,2) You will attend these 3 days training where you expect a real class, go deep into the topics that they included for this, but guess what, 80% of the time they will to sale you 3 different packages where the more inexpensive is for $21600, YES almost $22K.

Between my wife and I we should be bringing in around 120k- 140k per year after the move with about 3500 in expenses.

You will have a terrible return on investment cash flow wise on a $500k single family home as a rental after you factor in expenses (and possibly a negative return with a mortgage). 

As a followup to another thread that was posted on getting bank financing on inexpensive SFRs (sporting caps of 24-36% and up).Has anyone, anywhere, been able to get local bank or credit union financing (at least 5 yr term, could be amortizing loan or LOC, but not short term rehab financing) on SFRs where the total investment is below $30K.

You can only deduct in the current year 15,000 in expenses.

A borrower A at 14 months behind already has accrued thousands of dollars in expenses more than a borrower B that is only 3 months behind.