I believe he shouldn't have let you buy this building unless you fully knw what you are getting yourself into.

I am looking for a RE financor/investor to lend me the amounted fix money we agree to buy the property for, and in exchange I will pay the investor a 6.3% interest by distributing monthly passive income to them in a duration of 15 years.Using the deal that I currently am seeking for now, This Fourplex is listed for $459,900. i plan to negiociate down to AT MOST $409,900 (50K less than asking price).

Why not just buy your own mobile home park and let everyone live for free? 

So if 3 siblings all buy a house together and all live in it when they sell up to $750k can be excluded.If married only one person needs to meet the ownership requirement-but both must meet the use requirement. 

Convert the property you are living in now to your second rental, and buy a new home for yourself. 

A bit concerning if the market takes a turn but overall and overtime we will be in a good postion.PS - Since 2003, Dean & DeWitt Property Management has helped investors buy, sell, and manage investment properties in the St.

Just one example of a market getting overheated and then right-sizing.Same is going on with syndications, STRs and soon LTRs.BP took off after the Great Recession when investors could buy almost anything and rent it out for positve cashflow.

Reason I ask is there are going to be a lot of real estate ventures where ALL money is lost, and many are due to poor management or buying a deal they should not buy.

Selling and buying something else you want keep and doing a cost seg in would help with the tax burden probably better in this situation.

Quote from @David B Graham: Investment Info:Small multi-family (2-4 units) buy & hold investment.