Is buying a rental property the same as buying primary residence?

It is different, we pay a bit more (not a lot) and of course you need to pay 20-30% down depending on the type of property. If you are new at this they will require you to escrow insurance and taxes too.

the down payment and reserves are much higher for rental homes. Down payment is 20% and reserves 6 months since you are not currently in investment property

No, it is much more difficult to get investment property financed. If Obama wanted to get the economy moving up, he would give loans and tax breaks for investors. Then the foreclosed homes would get sold, renovated, and put back for rent or sale. As it is right now, the people who can afford these repos cannot get financing until they are fixed, and they cannot fix them without owning them!

primary residence means you occupy it, rental properties will have higher interest rate and higher down payment

a million. suitable suited. 2. $5k loss against different earnings. apartment components is extremely like a small business enterprise. you're able to additionally get an Enrolled Agent as a tax preparer. the fee of tax training is likewise deductible and that they're going to keep you cash.

NOPE. Higher interest rate and higher insurance costs and higher deposit required for non-owner occupied property.

Often requires 20% down. So save up and keep building credit rating.

Much different. You need to apply for a commercial mortgage plus commercial insurance. Some lenders require a greater down payment

Start by locating a lender that is writing commercial mortgages.

essentially same except you need 30% down.

make sure all offers provide that security deposits be given to you by seller because you will be responsible for returning them to tenants when lease expires.