Below are a few scenarios we are exploring based on owning our current residence free and clear.

But I think we are off way off the original topic now...and again not all loans are Fannie/Freddie backed anyway.

We are always looking for good wholesalers.

We are lucky to have a strong HOA board (that my husband and I now serve on, as well) so it's been a great set up for us. 

Apologies in advance for my absolute ignorance with this stuff.1) We plan to purchase all cash in our names then transfer the property into an LLC that we haven't created yet, less for liability and more for tax purposes (our accountant vaguely suggested we should start an LLC that does really anything so that we are able to write off more home office, travel and equipment expenses that we can no longer do since recent tax changes).

I understand if it was just normal wear and tear but this was beyond nasty and the carpet was in excellent condition before she moved in 5 years ago. 

My husband is military and we are trying to use he’s VA to get a multi family.

We will survey the property and deduct any damages and cleaning beyond normal wear and tear from your security deposit.

@Adam Weitzman We are new in the airbnb game also and I have the same question.  

We are considering putting a tenant in the home, but we are not sure of the tax consequences and the effect on Medicaid.