I would not try to flip a single-family home if you are wanting to build a rental portfolio.

I don't have the links to back it up, but I remember reading that a multi family doesn't count as an owner occupied resident that you can STR.

Yes, if you change your single-family home from Short-Term Rental to Long-Term Rental in the second year of ownership, you would need to adjust the depreciation schedule for tax purposes.Recall for residential rental properties, the IRS allows a depreciation period of 27.5 years under the Modified Accelerated Cost Recovery System (MACRS).

You can use a co-borrower just make sure they have good credit and a (2) year work history of W2 income.Try and avoid self employed co-borrowers because their tax returns typically do not show income and are full of deductions.

Seasoned DE/SARR/LAPP Mortgage Underwriter, I have flipped a few homes with family in and out of state.

Sorry in advance if this has been asked 100 times. I used the search feature but wasn't successful in solving my problem.My sister-in-law has been living in one of our houses for 2023. She covers the mortgage, that's ...

Im from London Ontario.Im from a family of real estate investors, my dad has 10 SFH rentals.Ive flipped 2 houses now, and im looking to step hard into real estate.I have my Mortgage Broker License. 

Investment Info:Single-family residence buy & hold investment in East Stroudsburg.

My family will end up using it <14 days out of the year. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.