One thing to be aware of is the FHA multifamily self-sufficiency calculation which determines if a property can generate enough rental income to cover its mortgage payments.

Finding someone with the expertise to screen and place tenants properly is rare.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

And actually, if you structure things properly you shouldn't have to worry about the tax implications at all.

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

Loan Origination Systems (LOS): What works best for mortgage and private lending?

I really wanted to try finding a duplex that i could immediately rent out the lower half rather then buy a SFH and have a higher mortgage overallHow did you find this deal and how did you negotiate it?

Currently, I have about $20K left on mortgage and estimate value is$175K.

You should ask to speak to the commercial lender at the bank that carries your property's current mortgage.

.- It's not profitable for them to search for under-market priced houses, figure out repairs needed or what other problem is pushing the price down and do even more for a newbie investor that has analysis-paralysis and may never buy anything.Some questions you'll want to share the answers to with any agent you choose:1) Are you paying cash or getting a mortgage?