Came across some interesting research from Viceroy.

In our case we wouldn't have any value seasoning on DSCR so as soon as you do the repairs, we can potentially use that higher value to get you cash out. 

Given the uncertain neighborhood prospects, I'm torn between enduring potential long-term losses or cutting them now.

So if numbers pencil similarly for a deal in a vacation market as for an urban market, and potentially even slightly worse, it could still be worth investing in said vacation market instead of said urban market. 

Plus, think of potential additional cashflow for the future when you refinance.

. :)Hi Michael,I've spent a countless hours researching this (including reading all your cost seg related posts) as I'm in the exact similar situation and have talked to 2 CPAs and gotten contradictory feedback.

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*My future wife is supportive and would be including her income to DTI calculations as well as potential savings.

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