You may need your cpa or @Dave Foster to weigh in on if you’r allowed to “fudge” the numbers.

If the STR strategy is the only strategy that makes the property pencil, be sure to purchase in a market where the use is allowed, the use requirements is protected by the permitting and licensing and the permissions are transferable through a sale.

The Nashville market has become stricter like many other US markets on allowing Non Owner Occupied STRs to specific zoning.

@David Ten I would make sure your zoning allows it. 

Conventional requires 12 months title seasoning but DSCR and DF allow for cash out refinance no wait same month.They will use the purchase price as the "Appraised value" but you can add in receipts for any renovations and repairs.

A couple years ago they acknowledged that they will allow LLC vesting for asset protection when the original borrower owns the LLC.

Hey @Persephanie Arellano, As accountants on BP, we are not allowed to self-promote.

You have to execute an assignment and assumption agreement to change the borrower from you to the LLC but I doubt your lender or servicer would allow you do that.

We are marketing to these people before their houses hit auction.com which allows us more time to do due diligence, the opportunity to see the property, and negotiate more to get a better deal. 

Hello BiggerPockets,I have an owner-occupied duplex and am looking for opinions on the following deduction.