My name is Keenan, I am a college student new to the REI space looking to venture into my first investment property (duplex or SFH) in the next year.

Wishing you success in your investment venture in North East Florida!

Located just a stone's throw from I-35, this prime location beckons both travelers seeking transient luxury and long-term tenants, including discerning retirees.With meticulously designed sites and secured permitting, this venture promises to redefine luxury travel and investment excellence.

Most venture into multifamily (5+ units) once they can no longer qualify on the residential side.

The lack of experience is frustrating but every endeavor I have attempted I have excelled at with enough time and practice and I am not planning to fail in this venture either. 

Ultimately, it depends on your specific needs and goals, but it's worth exploring to see if it aligns with your workflow!

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.

Your expertise and experiences are appreciated as we navigate this new venture.

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.

Hey @Fadela Zaoui - if its a court ordered sale... unlikely sellers would entertain seller financing, but the answer's always no unless you ask :) I recommend working with your broker to figure out what the sellers really want - sounds like one of the sellers wants to cash out so they may not be the person that wants to do seller financing BUT the other seller may be open to it.You could also potentially look at a joint venture option where you just buy out the seller that wishes to sell her portion, and partner up with the other equity holder who now gets to retain their piece of the pie.