Maybe you could find out if that house is also for sale @ a discount and now you have 2 properties that you can improve and drive the equity up.

You do not need to have a family member live in a unit in order to get approved for an FHA loan.

Hi,Need some help filling out the HUD form for FHA loan for NEW construction SFH in Port Charlott, Florida:HUD-92541: Builder's Certification of Plans, Specifications, & SiteAnyone who has recently filled out this form (GC/Builder) in Florida please chime in.Also have questions on the HUD form:HUD-92544: Warranty of Completion of ConstructionTIA,Gautam

I also want to use this time to improve my credit score since it is not in a very impressive place right now.

Here are a few incentives as noted by the IRS:168(k) - Special Allowance for Certain Property (Bonus Depreciation)179 - Election to Expense Certain Depreciable Business Assets Other incentives included in the tax code, however, may reduce the need for a taxpayer to perform a cost segregation study because they give preferential treatment for certain qualifying 1250 property such as 168(e)(6) - Qualified Improvement PropertyHave you utilized either of these incentives as part of your cost segregation study?

From fixing up neglected maintenance to improving communication with the tenants, we turned things around one step at a time.

For Airbnb I’d recommend making a new listing and focusing on improving on the things mentioned in reviews. 

The property was bought and renovated with cash, so there are no financing costs—just the opportunity cost of the investment.Comparatively, I’m currently earning 5% in a money market account and 10% from participating in hard money loans.

Looking for possible loan options for repairs

My plan is to raise capital for the down payment through an investor and create an LLC with my father to get approved for a DSCR loan.