However, you can often get a lender to make an exception on that when there are compensating factors such as:-Large amount of comps nearby which are of the same tiny square footage (this is most important part)-Liquid Reserves, FICO, DSCR, etc all exceeding the standard requirements by a lot -Lower LTV

Furnished Finder has great tools for medium term rentals- tenant screening, leases w/ e-signing and rent payments all built for midterm rental operators.  

E.  

I would take a look at schedule e on the 1040 for all the common expense items.

Can’t you get another cellphone number, especially an e-sim without any, or very little  data for $10/mo?

Purchase price: $240,000 Cash invested: $10,000 the rehab is still in progress so stay tuned!!

Hi Joseph and Anna, you can go bank or private money however depends on experience, plans, liquidity, etc.

If you don’t know how much capital you can raise, how do you know what purchase price you can pay?

Hey @Maurice Scharf - It can be a solid tax-deferral tool if structured correctly, but you're trading liquidity and control for passive ownership.

Quote from @James Derry: Could you purchase the property and execute a custom "rental" lease to your neighbor?