After you have segregated your accounts it may not be that bad keeping them maintained, especially if your use a good software program (like MAS 90).

It's more difficult to program, the interface isn't as good as the Kwikset and the batteries drain much faster.

That will drive loan program options along with the type of loan and the condition of the property.

Investors struggle not because the program is complex, but because they treat recerts, rent increases, and inspections as one-off events instead of a system.

The biggest risk is mismatch between use and policy.Common problems I see:STR operated under a standard landlord policyEntity-managed properties without required local registrationsCity-required rental certificates or inspections skippedIf your use doesn’t match what’s declared to insurance and lenders, that’s where issues arise.4.

Finally when they are ready, house hacking with FHA or first time buyer programs is an effective way to develop long term wealth while teaching leverage, cash flow and responsibility.Good luck.

I requested a formal withdrawal of my application with documentation that it was withdrawn, as it was not an appropriate loan program for me and I was not comfortable moving forward.

This criteria is for 1-4 and 5-8 unit programs.

For the clients we manage, roughly 60% have tenants placed in the Section 8 program.

@Lolo Druff , with Section 8, it helps to separate program approval from your own screening standards.