I’m continuing to put out plenty of offers on various properties and exploring different approaches to see what gains traction.For this one, I’m considering proposing a rent-to-own/deal finance contract with strict contingencies—something like requiring monthly photo proof of bank loan payment, with the understanding that failure to comply would result in a loss of equity of the seller.

However, upon finally gaining access to the home it appeared that the water was running from every faucet in the house.

if it was 25%, there is a lot of ground to be gained. if it was 50%, not so much.

I was able to build a small team, but have struggled to see profitable gain in my situation.Cool to hear you actually went over and introduced yourself to boots on the ground in that market.

While we are both gainfully employed and have good income, our DTI (Debt to Income) is obviously incredibly skewed even though our properties cash flow. 

They’re going to owe capital gains and depreciation recapture if they sell it to their child.

Tax Benefits: Gains grow tax-deferred or tax-free.3.

The costs could be justified if the rental performs well (a little less profit short term, for longer term appreciation gains and with little to no effort on my part).

These strategies allow individuals to invest in real estate with minimal down payment, gain exposure to the industry, and build capital.Good luck!

I started going to meet ups and talked to lots of people in person, on the phone/Zoom and have gained a lot more knowledge and they gave me honest feedback about their experiences and suggestions on what I should do.