Hey Gabe, given your income situation, you might consider a DSCR loan for an investment property—no income docs needed, just credit score and rental income covering the mortgage.

Quote from @Dan Ikon: An investor considers acquiring a short-term real estate to offset his investment income by depreciation loss.

I have a potential tenant whose income to rent ratio is 1.47.

How real are the numbers provided by AIRDNA on operating income?

@Greg Seivert You're absolutely right to question that advice.Just because you qualify as a Real Estate Professional (REPS) under IRC §469(c)(7) does not mean your rental income shifts to Schedule C, and it does not trigger self-employment (SE) tax.Rental income, even when you're a REPis still reported on Schedule E, unless you're:Providing substantial services (e.g., cleaning, concierge, hotel-like operations), orRunning a business like flipping or wholesalingREPS simply allows rental losses to be treated as non-passive, so they can offset other income like W-2 or business profits.

Income is shown as positive + "Passive income" another words in the positive so if you have a negative net rental it benefits you in terms of deductions and does not get included into Child Support.

If your income is low or very tight, this might be a stressful option for you right now.

Hey guys - Had a question come up this week from a friend.   What REI communities exist that are great for finding capital partners?  AKA people that want to partner with an active operator/manager so they can invest ...

How do you screen a retired prospective tenant for income? 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $150,000

Cash invested: $40,000

Previous STR $3500/mo during peak

What made you interested in investing in...