Before I pull the trigger has anyone used any of these companies and if not do you have any suggestions or recommendations on getting some help on making sure this done correctly or can recommend someone that can help me.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

It's better to just not have a stove in there -- the triggering offense for most city code violations -- and do a coffee bar, etc.

[3] Will buying the 1st loan trigger a foreclosure by a 2nd note holder, meaning will I need to pay off both 1st and 2nd to assume ownership; would this differ by state such as Texas or California or Florida (???)

It's a harsh reality of real estate investing; it grows steadily and offers good leverage, but getting to that first rung on the ladder requires a solid financial foundation.So, what can you do with $10,000?

@Cyndi Hong your lender will advise you on what’s best also, let them know your plan to transfer it because you don’t want to move it to an LLC and trigger your alienation or due on sale clause if you have one.

@Benjamin Sulka If i'm understanding you correctly, you are not liking the numbers of a duplex after you move out and have to rent both sides.I obviously don't know your numbers or what you are accounting for but if the building is generally newer and in better condition it is ok to dial back the capex and repairs budget in my mind.Additionally we pulled the trigger on our house hack really without considering what would happen when we left. 

Obviously your in this position able to pull cash out because you made a good decision back when you pulled the trigger to buy that one.

I also pulled the trigger on 1 pasco tax deed sale.

What’s most important for me is really just trying to get my skin in the game with as little seed money up front as possible until i get on the positive side of the flip, I have everything ready to flip a house in a month but with people getting cold feet when I’m ready to pull the trigger it makes it hard to be able to build trust and start making headway!