Your attorney or CPA should be able to create tax efficient structure for you.To avoid this, keep management and decision-making localized to Alabama, and consult a CPA or attorney to ensure compliance with both states' regulations.This post does not create a CPA-Client relationship.

Completely agree with @Greg H.  It

Hello  @Thomas Sheehan,If your goal is to invest in an apartment where you don't have to concern yourself with maintenance and cap Ex, this deal (or perhaps another with similar rents and lower price) could make sense.The downside to deals like this is that your rents could eventually hit a ceiling as newer apartments (some with more amenities) become available.

Hit me up if you’re interested in this part of the state.   

I hit the call last week and then was sent the service contract today.

So it really comes down to who is willing to get out of their comfort zone and come into the office every day and hit the phones to find deals.

That being said, most originators are hit with a clawback penalty if you payoff your loan within 6-9 months, meaning that the originator has to repay all commissions and fees to the buyer of the loan if you payoff the loan within that period.

Typically they tend to cash flow well so a 4 unit might hit those 1% rule.I'd also highly recommend local real estate meetups, as you'll get local insights

Not an impossible task, but it winds up being ALOT of work for a home that is still likely to have a number of deficiencies compared to a newly built, energy efficient home.Now the question I've had a lot of people ask me is: I just bought a concrete block home.

We can transmit electricity reasonably efficiently, and then we can transport actual material (ie: water or natural gas) reasonably efficiently.