If you don't mention your first home, it will likely come up in the process, potentially complicating things.

The property is rural so cost of utilities and development may be higher, but on the flip side there is currently no competition, extreme demand and very few other properties that could potentially compete in the future.

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

If you change it you may want to have an attorney look at your changes.I use zillow or apartments.com to accept applications, both offer services to run credit and do background checks.For screening you need to set your criteria before you start advertising.I recommend reading a book on landlording, my favorite is "Landlording on Autopilot".

Explore options like renting the property as-is at a lower rate, investing in repairs for higher rent and better tenants, or selling if repairs are extensive and tenant hassles outweigh potential returns.

In my research I also read that the potential private lenders information are kept in your database and presented the investment opportunity only after the distress property is placed under contract.Can anyone out there explain the process and let me know if I’m mistaken in my understanding?

Economic vacancy includes anything missing from the gross potential rent, including both actual vacant periods and unpaid rent in occupied units.

The advantage is that DSCR loans evaluate the property's income-generating potential rather than relying solely on your personal income, DTI, tax-returns.

Each sort of loan has its own eligibility and limitations.Remember, the more prepared and well-documented your loan application is, the better your chances of securing financing for your multifamily rehab project.

The landlord said that its not zoned for business and that would raise flags with the IRS and i could potentially get audited. keep in mind that i have a consulting business. is there some truth to this because i do have a home office at the house as well. the rent is 1600 per month. that 1600 per month and utilities wouldn't be a tax write off to my LLC?