If it's your 1st rental then the LTV maybe lowered from 80%LTV to 75%LTV.Happy to chat further!

For those that don't know, group homes are single family homes that house "by the bed" and therefore come with many benefits, the primary being that they bring in anywhere from 1.5x - 2x the monthly rental income that a standard single family home would. 

Also, this is specifically for when a new rental property is being placed into service and there is no Sched E history

Hi Everyone, I'm new to real estate and like the idea of house hacking and rentals. 

I told my lender, hire a property manager and turn it into a rental.

It could also be worthless if they are only doing long term rentals since its all passive income...

Investment Info:

Single-family residence buy & hold investment in Phoenix.

Purchase price: $585,000

Cash invested: $73,000

Our first Airbnb Property, bought for $585,000 and has not appreciated m...

My general understanding of California rentals is that if the building was built prior to 1974 and has 16 units or greater, an on-site property manager is required. 

MY PLAN: My plan was always to refinance the mortgage when rates dropped in the future, so my hope is that my mortgage would eventually come down to around $1,500-1,550 which then makes my numbers closer, as rental prices increase over time.

Real quick we live in Maine, own 1 rental home in Arkansas.