You need to do your part by checking in with them regularly, submitting documents they need from you promptly, and keeping your agent in the loop can prevent most delays.You’ll typically work with your agent, lender (and underwriting), appraiser, title/escrow, insurance, inspectors, and sometimes an attorney.

Put on your preventive maintenance program to replace the towels.  

It also helps prevent surprises at tax time and keeps your financials lender-ready year-round.I use QuickBooks Online for my flipping and rental businesses, as well as for our bookkeeping clients.

However, in my experience, if using the same agent for multiple properties you should be able to get a reduced amount.

Obviously, we are paying a lot of tax, but we have never seriously thought about reducing the tax that we are paying.

Obviously, we are paying a lot of tax, but we have never seriously thought about reducing the tax that we are paying.

If you spend 500 hours "materially participating" in the management of your short-term rental, the IRS considers that an active business which you can then use the expenses and depreciation to reduce your W-2 or active income.

This only takes into account the monthly payment you're trying to buy and in essence you do backwards math till you work your way into a maximum loan amount or purchase price usign this 46.99%.The backend of 56.99% or 10% higher than your front ratio of 46.99% just means you have 10% of your monthly gross income for all your other debts like car loans monthly student loans credit cards etc (other debt basically), you cannot exceed this otherwise it will reduce your front ratio vice versa (IE if your back end stuff is 20% that only leaves you 36.99% for our front ratio = total of 56.99%).You can payoff debt, get a raise at your job, you can buy down your rate, get a cheaper insurance quote, have your brother refinance your car off your name, etc (strategies to reduce your DTI to increase your borrowing power).

For the housing market, higher rates mean mortgage interest stays elevated, squeezing affordability which reduces demand.

Refi the current rental to reduce the rate and buy another...just don't overextend.