The amount of time during the period of the trip which is spent on personal activity compared to the amount of time spent on activities directly relating to the taxpayer's trade or business is an important factor in determining whether the trip is primarily personal.

There is obviously a formal lease, and we also supplement with a room mate agreement which outlines the more specific things like overnight guests and expectations in dispute resolutions/ cleaning/ care for the home and appliances, etc.I haven't received one formal "LL request" email yet, other than a formal 30 day notice in the event of a move out, which is usually after they've come talked to me in person about it to begin with. if there's an issue, it tends to be pretty limited to "hey, we have this shower rod falling off"... which im usually here to deal with (and tbh most of the time they like to fix it up with me), and it doesnt need to turn into a big thing. as for keys, i have the house on a yale smart lock, so 'handing over keys' is just official move out, walkthrough of the room for damages, and then I can delete their access code and access to the smart home systems without having to re-key the house. 

Try playing around with the loan amount to see what amount provides you the best combination of getting your money out but still getting a good return on your investment. 

I have banks that I've worked with that follow the following guidelines for DSCR loans: On refinances, the higher 12-month lease agreement amount may be used with evidence of 2-months history of timely receipt and the lease agreement amount may not be greater than 125% of the market rent from the 1007.

You can find super affordable homes here below the median home price that beat average rent in these areas.2) If you factor in principal paydown, aka the amount of each monthly mortgage payment that goes back to you in the form of equity, AND the opportunity for appreciation, as Raleigh is expected to grow substantially over the next few years thanks to big corporations and swarms of people moving into the area.... you'll find that the math works our quite favorably for owning a home versus renting.3) When you factor in rate incentives with new construction homes in these areas may be even cheaper.

Seems like a pretty simple fix to call up the bank and update them that the entity is now an S-corp with this fancy new tax ID, possible they'd have to create a new account for it.

If you get a property for $15k at auction here in SFL and it's worth $250k, you just lost your money 99/100 times.A $55 title check goes a long way.Only options you have is to rent until bank kicks you out to try and recoup some investment, if it needs fixes don't put money into it, you will not get a penny back from anyone.

Your HELOC payment is your amount invested.

You will only be paid based on the amount of bedrooms the tenant is qualified for. 

I'd recommend using a good lender that covers the rehab budget - so you are not out of pocket for the purchase & rehab amount.