@Jenny AdelWith the size of your portfolio plus additional PM duties, you should be able to qualify.Unfortunately, there is no defined list of what time does or does not qualify.

I will need to put 25% down for the loan and will need to show 6 months worth of expenses in additional funds but beyond that should I also have $X set aside for the first year's expenses?

Recommendations based on personal experience would be highly appreciated.Also, if you have additional info / best practices you would like to share regarding homeowners insurance that would be great.Thanks, Guy

@Nathan Platter shouldn't a wholesale contract include language such as "the buyer and/or assignee" Or do you just throw that in the additional terms of the standard residential agreement?

Additionally, renting is a passive activity, so the losses are limited.Flipping is active income.

(In addition to the 90k equity left in the deal)Hope this helps!!

Lubbock has quite a few SFR with a detached back building than helps draw additional rent and adds doors.

I've encountered situations where the homeowner abandoned the property and the front door was left unlocked so an appraiser was able to run over and get it done.

A cool trick is to double-click a word in any post and add it to your keyword alerts without leaving the page.An unstoppable entrepreneur myself, I have been mentoring start-up entrepreneurs and business of various industries and niches for two decades now.

In addition, I spoke with my lender and I can qualify for an additional $225-$250K conventional loan for a “second home” because I didn’t borrow against my entire income to purchase my primary residence.