Many also have a minimum on the lease period, such as requiring 6 or 12 month leases.

Sales price appraised but the rent income did not meet the 1:1 requirement. 

Those loans typically require 10-20% down depending on if the property needs any rehab or not. 

In contrast, renting could lead to greater long-term wealth accumulation but requires managing landlord responsibilities.In conclusion, the choice between renting and selling in 2024 involves a comprehensive analysis of financial implications, market conditions, and personal goals.

I found on Google:  "Dual agency in New York is completely legal, however a real estate salesperson or broker is required to fulfill several disclosure requirements before being permitted to transact as a dual agent."

Hey Lynn,They are probably asking this question for reserve requirements on investment properties.

You have to have a subscription to read it but here is the gist:"The San Antonio City Council has passed a law that will regulate short-term rentals in the city for the first time.The new regulations require short-term rental operators to register with San Antonio and pay a $100 fee.

Hey Abe, one thing I would mention is to consider what down payment would be required with the lender you work with.

Are there any specific FHA requirements or regulations we should be mindful of in this scenario?

That is tough to afford a $500 rent on one income much less a $700 - $800 rent required by investors paying in the $70 to $80k ranger for houses near these distribution centers.