Hi Manu,With a six-unit property, and assuming the other attributes meet the constraints of the loan program, you may want to look into the Freddie Mac Small Balance Program ("Freddie SBL").

I would have thought a 1065 and K-1 would need to be filed and would have appeared in part 2 of my return.

. - interested to hear of everyone's experience with the calculators and if they've proven as valuable as they appear.

Even being a few counties away within NC appears to be getting more scrutiny. 

The area however is zoned single family and only one unit appears on the tax record.

3/5/2019Sherelle – thanks for the post / questions and outline Fyi – there are some conventional loan programs that allow a 3% down payment ….I would recommend using this program versus a fha loan program if possible …this is because with a FHA loan the monthly mortgage insurance remains with the loan permanently and with a conventional loan – you should be able to eliminate the mortgage insurance in the future ……Also – if you use a FHA loan for the first home - using a FHA again for next property might be an issue …..you allude to this in your question #2Regarding cash flow analysis ….other items to factor in : utilities / property homeowners insurance ( this will be a little higher when you live in home and should decrease a bit once you convert it to a rental policy / are there any deferred maintenance issues on the house ( roof / furnace / water heater / foundation are the bigger tickets items to watch Definitely get pre approved so you know for certain what you can afford and also so you can begin becoming more familiar with the numbers …we can assist with this if you want - contact us Thanks and I hope this helps Dave Skow 

This is actually more a gray area than it appears surface-level...IRC Sec 1402(a)(13) was codified in 1977, before LLCs were even on the Treasury's radar.  

They have programs to put multiple properties under one loan

:)Turbo Tax is a great program.

I like helping individuals that want the relationship long term and need help in the process.I think residential will get watered down faster with AI programs because it is not usually as complex as commercial real estate.