@Mark Miles Interesting!

Approximately 0.00% of my clients with $3,000,000 or $5,000,000 in personal mortgage debt have the day-job income to support it, half of them had a conversation with me where I went over what choice to pick for Schedule E in cases where your CPA gives you a choice between a few options that are all allowed by the tax code.If you are buying cashflow positive real estate, your DTI will actually go down over time.

Due to unforeseen circumstances I ended up spending more than I anticipated (like everyone warns). What is the best way to raise 40k to finish the job? Because I’m in the middle of construction I can’t pull out an equ...

“Wise Northerners invest in the South” -Mark Miles“I wanna rent a vacation house in November in New Jersey / Ohio / Nebraska / Indiana” - Nobody ever

I suspect it is 6 one way half a dozen the other. 

After you’ve done a few deals of that type of strategy you can move on.I think a live-in flip or house hacking is a great way to get your feet wet in rental investing, especially if you can find a duplex or so and live in one half and rent out the other half.

An individual is on qualified official extended duty if for more than 90 days or for an indefinite period, the individual is:At a duty station that's at least 50 miles from his or her main home, orResiding under government orders in government housing.Refer to Publication 523 for more information about this special rule to suspend the 5-year test.

Use the 30k for one down payment which will cover half of the cost of an apartment or split it in two and get maybe 2 apartments?

Because half the goal was to find a good home, completely covering the mortgage was not mandatory.

I haven't received the 2nd half ($550) or a phone call so I am getting ready to evict.