Hi guys, it seems like since the "Stress Test" was implemented checking for "borrowing strength" by mortgage advisers depends solely on income/salary regardless of cash in hand.

Hi BP,I'm looking ahead at options for mortgage #5 and I was curious for the 6 months piti that you need on hand if that has to be cash or could it be held in a retirement account like a roth IRA or TSP.

Running a short-term rental biz, even if one property, is very hands-on. 

I can hand jam it on excel myself but if there is a company that has already put all this together, I’d be interested.

All have been long time members of our association and working with local investors and small business.For Tax Strategy, hands down I would recommend John Hyre - but he works on a national level, formerly from Ohio. 

While I have kept good records and receipts, I am having a difficult time figuring out what items I'm able to immediately write off as "supplies" and which need to be depreciated.Where I'm running into difficulty is things like second-hand furniture...

While I have kept good records and receipts, I am having a difficult time figuring out what items I'm able to immediately write off as "supplies" and which need to be depreciated.Where I'm running into difficulty is things like second-hand furniture...

Jeff if you have the money it would be best to pull the band aid off and reno everything at once and then get market rents.If you don't have the cash in hand I would raise rents a little and build up cash reserves.

Phone conversation lead to showings roughly 50% of the time.I'd like to find a cost-effective way to hand this process over to someone else.

Hey community ,I have a deal in the works and I'm new but with all the reading i've done in this site i wanted to try my hand and apply the knowledge with no coaching, and as little money into the deal.