Contact Mom, let her know she continues to be financially responsible for the premises as long as he continues to stay there. 

Assuming I could qualify financially (primary income plus FHA allowed rental income contribution from additional leased units), when I become the owner of the property, would that prevent me from using a FHA 203b to house hack a second property?

Rates are typically higher for DSCR vs conventional but you can offset that with the way you structure the loan - like adding a small prepayment penalty or increasing the DSCR ratio bracket for example.

Historic tax credits can indeed provide significant financial incentives for rehabilitating and preserving historic or non-historic buildings, promoting the conservation of our nation's architectural heritage.

Thanks to the Cost Segregation Study, the property investors accelerated the depreciation that the first year depreciation was approximately $182,900.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

so... what if you :-ignored the headlines-were an individual in a strong financial position-bought an STR in a place you believed in and liked to visit, and-were willing to put in some time, effort and funds over 1 or 3 or 5 years?

Financial Management: Set up a system to track your rental property income and expenses.

Cap rates should increase as sellers adjust to present day market realities. 

This was a huge accomplishment for me coming from a difficult financial Background.

You could also consider other alternative construction methods such as prefabricated buildings or tiny homes.Ultimately, the best option for you will depend on your financial situation, goals for the property, and level of risk you are comfortable with.