- When calculating gross income for a short-term rent, 75% of the 12-month average rental income or 1007 can be considered.
- Alternatively, if no actual rent is available, 75% of AirDNA rentalizer values may be used at the underwriter’s discretion.
- A short-term rental addendum must be signed by the borrower as well as compliance with state and county regulations for short-term rentals.
- Short-term rental is prohibited in Texas
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