@Tyler MageeHey Tyler, with you being in Tampa and have 150k to play with, the possibilities are endless!

we ran into this in FLA  a few years back when I had 4 starts and I exited that market.. permits  sub base all pretty tough for someone who is not there and already knows the systems hands down and has a devoted loyal sub base.. thats the key in my mind.

Lenders usually determine whether properties are lendable based on the debt service coverage ratio. 

Hey everyone,I’m Luke, a new investor based in St.

Will they base their calculations solely on the income from the two legal units and disregard the non-conforming basement?

Shared housing provides affordable, flexible rental options for young professionals, remote workers, and students.As shown above, co-living properties have more demand than traditional two-bedroom units and appeal to a wider tenant base.2.

On most any day you could find people walking dogs, or children playing in the area.

Step up in basis to reduce your heirs' taxes and morePlus the real estate tax "deferral" can end up being permanent if played correctly

Based on that, their personal use kills the STR loophole from 2024 forward. 

Based on our preliminary plans we should be able to relatively easily convert the basement into a 3rd unit or just rent the 1st floor as a duplex down 4bd.