Local and out of state are 2 different things.

Big difference.

Whats the difference?

You might consider how you can leverage your cpa into a different job or field.Good luck.

When hiring contractors, the key difference compared to employees is the level of control.

I went a different route, got my real estate license, and went to work for one of the largest wholesaling companies and learned everything from there!

The easiest way to explain it for many is we are similar to home flippers - with the difference being in lieu of fixing up a property that is in distress and selling it, you do this with the borrower.

Some might be depreciation recapture,  Your state makes a difference. 

This is markedly different from a stick build where you'll have many draws throughout the process and you'll be paying interest on those draws as the build stretches to 6 months or so..

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.