Lenders do not look at your personal income or DTI to qualify.

That’ll help you stay competitive and attract qualified tenants faster.Also, make sure you’re very clear about your rental requirements in your listing — things like minimum income, credit score, move-in date, and pet policy.

If the property qualifies as a separate activity, you may be eligible to claim bonus depreciation through a cost segregation study, which can provide substantial upfront deductions — particularly beneficial if you are in a higher tax bracket.However, if your income level is lower, the cost of the study may outweigh the benefit.

If this is hundreds of thousands in taxable gains and you like the house it might be worth moving back in if you do qualify for 75% tax free.

Especially for properties that do not qualify for institutional financing, or are attractive to buyers who don’t qualify for conventional financing.The price obtained for a property is a function of demand for that property.

That means more cash flow, faster pay-back, and smarter reinvestment.What Is Cost Segregation & Why STRs BenefitCost segregation is the process of breaking down a property’s purchase price (or renovation cost) and reallocating portions of it into shorter depreciation lives (typically 5, 7, 15 years) instead of being lumped into the standard residential/structure life (27.5 or 39 years).For STRs (especially where average guest stays are short and you materially participate) this becomes even more powerful:It accelerates write-offs and frees up cash sooner.It helps you convert your property into an “active business” rather than passive income in the eyes of the IRS, making more deductions usable against other income.Personally I'm a realtor which makes it easy to gain "material participation" as I am classified as a "real estate professional"There are ways to structure a property that is managed by someone else and still qualify.

It’s technically possible to qualify for Real Estate Professional (REP) status with out-of-state rentals, but in reality it’s very tough to pull off.

When the property is sold with out a qualified deferral, the depreciated taxes are owed.best wishes

Many of our competitors and nearby communities are offering aggressive move-in specials like ½ off the first month, one month free, or even two months free rent.In our leasing office, we’ve received a high number of inquiries, but many of the prospects simply don’t qualify.

I am a husband, soon to be new father, and work as a physical therapist in my day job.