Remember your situation is unique so it's important to consult with a tax advisor or CPA to explore all available options and ensure compliance with tax regulations.Thanks!

Can anyone recommend  a lender in the area who could accommodate this situation?

NEW Metal Roof on Both House & Garage, Situated on Large 0.43 Acre Lot!

Connect with investors in similar situations for insights.

Their insurance has asked me to return the month's payment for the remaining days of their rental (Unfortunately, I did not have a cancellation agreement).I am unsure how to handle this situation, especially since I couldn't fill the majority of the rental dates and had to offer discounts for the days I did manage to book.

Depending on your situation, I can recommend 1-2 contractors on Long Island.All the best!

I agree with @Collin Hays especially in a state like NJ that is very one sided in terms of landlord/tenant situations.

Quote from @Anshuman Thakur: Can someone please shed some light on how- convert 401k to SD IRA- how to use SDIRA to buy properties- how much down payment is typically required if we are using SDiRA to only fund downpayment on a multifamily CRE, and which banks typically work with SDIRAs- how does LLC structure- property management and cash flow work in this situation?

Any words of wisdom for this situation? 

What are the pros and cons of each situation?