Specifically discuss with your CPA the ability to deduct depreciation expense over time, allowing you to deduct a portion of the property's purchase price as a non-cash expense, meaning you can lower your taxable income and potentially lower your tax liability.In other words, you can reduce your taxes by writing off expenses from your total taxable income.

The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here.

There is no employment, income, or any debt income show on these applications.

Looking for some others experiences with rent income appraisal for qualifying a DSCR loan....

Many more opportunities are coming our way through commercial real estate brokers and our work on off market deals direct to seller, but the pricing expectations are not in line with the reality of interest rates and our investment return requirements given the current state of what our investment partners are now demanding given how high returns have been driven in "risk free" assets like MMA (Money Market Accounts) and other fixed income products.

Yet, interest payment on mortgage offsets the rental income (I don't want to pay income tax on rent), and there is a chance of refi later.

I meet all the criteria for material participation and average stay under 7 days so I would be looking at a nice tax deduction against my W2 income.

@Derek HagglofHow much income does the wedding venue produce?

Passive income How did you find this deal and how did you negotiate it?

Keep in mind that the lender will look at each persons credit, debt, income, and assets.