He originally told me that he wanted $5k in passive income of just interest only.

The top Vacation Rental Hacks I've learned in ten years as a BNB operator, DIY'er, investor and broker that has sold over two dozen vacation rentals: - Hosting and ManagementUse a local Super Host, neighbor or new friend to reduce operating costs and increase property TLC.

Had my eyes set on a NH for a little while now and wanted to see if anyone had any advice/insight on claiming a 2nd home / STR property in NH as your primary residence in order to take advantage of NH not having state income tax.

I'd speak with a lender about this, but they can probably use your rental income towards the next property or at least use it to help with your DTI ratio.

The good thing about bieng in Florida is that the state does not have a state income tax. 

Being self-employed can make securing commercial loans more complex as lenders typically prefer borrowers with stable income and strong credit history.

And as a % of total income it’s historically high.

This law prohibits an institution from disclosing a consumer’s nonpublic personal information like Social Security numbers, income, and outstanding debt, to companies that are not legally related to the institution.https://www.ftc.gov/business-g...https://www.ftc.gov/business-g...Also, most credit agency contracts do not allow their clients to share info with 3rd parties, which an owner would be.

For a SFH there typically needs to at least be some sort of equity and if not, then the debt to income needs to be strong.

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?