I lived in TN for several years (Hickman County) and am considering retirement there...especially since there is no state income tax.

These loans are strictly for investment properties where the property is owned and operated for business purpose and rented out for income.

This property then to a lender looks to be negative $750 a month against your DTI.So really your DTI plays in based on what price point of property you are buying against your incomes and debts.

Hello,I currently make a solid income and own a STR that is doing extremely well (30% COCR).

It reflects the average rental income per booked night, including nightly rates and additional fees like cleaning charges, pet fees, etc.

Any amount expended or loss sustained by an owner or lessee on account of the demolition of any structure must be capitalized as part of the basis of the land on which the structure was located.

Because non-passive losses can offset non-passive income/ active income.

David, rental income is passive income.Placing your rentals into an S-Corp usually doesn’t make sense from tax standpoint because you will be exposing all of the income to SE tax.If you have a portfolio of rental properties that you do manage yourself - you could set up a property management company and charge PM fees, this income will now be considered “earned” and eligible to contribute to a retirement account.

Please share more information on this and always consult with your accountant! 

I know I need to start an LLC ( possibly several) and get a business bank account.