You live there, so there's obviously something desirable about.

You can either do an income based loan underwritten by your income and supported by financial documents or a DSCR loan if an investment property you don't live in. 

Investors do this to protect themselves in the event the note goes into default, they can avoid a judicial foreclose (expensive and time consuming) and just take the property back, and resell it.  

This is perfect being 2 doors down from where we live so we do not have to pay cleaners and property management.

The idea is to create a welcoming, affordable living space primarily for local college students.As someone new to this journey, I would deeply appreciate any insights, opinions, or experiences you could share about living in or around Pine Hills.

I did the civil engineering on a senior living facility that just opened up last year on Lake Granbury. 

Often you will need to live in the home for a year or two before renting, have leases a minimum of 12 months, and sometimes there are limits on the number of rentals. 

There will be little to no detailed records of expenses as this is quite an old-school landlord that is not willing to dive into the nitty gritty.

Buy Box:- Creative deals only subject to deal - < $600,000- >2000 sqft living space- No HOA- As many bedrooms as we can get - At least 2 bathrooms- ADUs are a huge plus- Cosmetic rehab is preferred but will entertain light rehabs under $10k.- Close to transit preferred- Close to jobs/shopping

My W2 income is >$550k/year, if I build an RV/Boat storage facility, will my storage business expenses/losses be able to reduce my W2 taxable income?