my question is, is it more worthwhile to get another tenant in MY unit and i go out and buy a house/ condo for myself which i would have to pay mortgage on but would be subsidized by new cashflow from 4plex.

I’d also look into using an FHA 203k renovation loan, allowing me to buy something unqualified for a standard mortgage, which would weed out a lot of competition and push the price lower.

Good morning! I am a first time buyer, bought a property last year and will hopefully start building this year. My question is how to I do my taxes do I add the vacant property and closing costs or should wait until n...

It will auto download bank and credit card transactions, give you reports by account, category or property in any form you want. 

If you are one those, the MAIN question in the present thread is not for you.I believe many people in this forum have stopped buying tax lien certificates at auction before 2023.

Also, as this co-living thing is generally new and catching on in some cities, I would hate to have this whole strategy ruined by a new restriction set by the city for co-living or the crazy rise in mortgage cost from property taxes and be forced to revert back to the traditional route.So my question is for those that are already doing the co-living strategy; are you all buying the home purely off of the co-living cash flow, or are you all considering the cash flow from renting the home with just one tenant as well?

Started my journey in Rich Dad education and has lead me to note buying and selling.  

I'd imagine at that cost you'd either be buying just a shell of a property or raw land.

I'd suggest that they can set up auto bill pay from their bank that will send you a check each month so they don't "forget" to make their payments.  

Now I am inheriting a huge fixer-upper in Dallas which we will probably live in for a few years after it is repaired.My ideal situation with REI is to buy and hold multiple properties while also flipping a few per year to supplement our income.