I'm still making improvements, just started in March of this year.

Just buy it in your name and then by time you rehab it and sell it if it’s two years then you can possibly get capital gains exemptionsNotLegal or tax advice

Hi Melis,I specialized in VA & FHA for a few years, and believe I may be able to help.

I bought my first property in 2015 auction rental for 7 years, my 2nd 2017(now primary) at foreclosure.

As a real estate agent and seasoned short-term rental (STR) host with over seven years of experience, I've seen the STR market evolve, especially post-2021, where competition is at an all-time high.

Asset prices will come down, and you have the advantage of underwriting deals with actual expenses.Can you imagine buying 3 years ago with much lower insurance and tax expenses.

I have friend that had a duplex in NJ and it appreciated very nicely for them in just a few years.

Currently my interest rate is at 3.35%.Several years ago, I relocated to Florida for work and have been renting out the units.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

You could do that for 3-5% down.. live in it for a year to meet typical requirements for use… then move into a new house, and ‘voila’ - you bought your second (multi-family) rental for 3-5% down instead of 20-25%.It is entirely possible though that you will face debt to income issues on your first rental if your lender wants to see a year or twos worth of rental history before counting your rental income to offset your debt payments…so beware of that.Otherwise you may have to look at creative financing… maybe bringing in a money person where it was a short term investment for them, like “I’ll give you 8% on your money (versus the 4-5,% you could earn from the bank CD) if you will partner with me on this purchase.”