Evictions WILL happen, keep the frequency low with careful applicant screening. 2.

Question, If you are catering to travel nurses and medical professionals, do you get better occupancy and ROI, with a studio, 1bedroom or 2 bedroom?

I wouldn't even care what their explanation was because I wouldn't trust them at this point.

Giovanni, I do it very similar to Scott, although all mine are posted as cash offers, although I have a very close relationship with my HML, and he always takes care of my proof of funds, and I honestly have never had an issue with this or ever been questioned, and I have done purchases from all sorts of sources including Fannie.

Most Jumbo lenders use IRS returns net number so be careful filing your 2023 tax return in not making the expenses total greater than 25% of income which will generally be the hit on gross rents. 

Probably best to consult with a qualified professional.

,Be careful though - be conservative.

But if you keep your house as is, then there shouldn't been a property tax hike.3. lawn care, utilities, parking spot 4. saving up for capex expenses (i.e. 5-8% of rental income depending on the condition of your home)5.

Key factors to consider include choosing a safe and appealing location and assembling a strong team of professionals to navigate the complexities of the project.

Hi all, If anyone is willing to offer their experience and learnings from obtaining Real Estate Professional status I’d appreciate it.