@Lucas Schlund there are logically, 3 options:1) Buy Cash: PROS: You can get better prices on houses because you can close faster with motivated sellers and buy houses that need repairs to qualify for a mortgage (less buyer competition)CONS: takes the longest to save the funds2) Use Rehab Loan:PROS: Same as #1CONS: more expensive loans:---FHA 203(k): not that expensive, but must live in the property for 12 months before renting---DSR Rehab loan: relatively expensive and may need experience to qualify3) Mortgage on Property with Cosmetic Repairs:PROS: easiest & cheapest to doCONS: lots of competition, so can be hard to find a "deal"PM us if you'd like to discuss these in more detail.

It’s my understanding it’s very hard to meet reps status working a w2Also I believe once you get above $150k basically you lose any benefits of reps status I think I will be able to qualify for the STR re status if I run the cost segregation when I purchase the house. 

My channel is "Houses and Cars."

Are they saying that he is now the owner of the house, or did BofA reconvey it to ReconTrust?

Looking to buy a small condo/house/townhouse for a summer get away for parts of Jun/Jul/Aug.

I am purchasing and renovating a house 1 mile from a Mayo Clinic with the intention of making it a STR/MTR. 

So if my bureaucrat-ese is correct that means you can't  use your VA loan as a construction loan.I could be wrong but I talked to a banker the other day about getting a loan to build a duplex to house hack.  

Let's say it's a house sitting on 20 acres. 

Why does it bother you that the house had a fire 22 years ago?

I've been a full-time real estate investor since 2019 and have flipped hundreds of houses and currently own a 50+ SFH rental portfolio (including short-term & long-term rentals).