I remember hard money being needed in some of these situations where long term financing isn’t possible to qualify for the situation for whatever reason and once an investment property is stabilized (you can structure your deal however needed to get funding such as investment property vs primary residence) then you can exit the temporary financing with a refinance.

What type of strategy do you intend to stabilize with?

The official answer: The Corporate Transparency Act is intended to provide law enforcement with beneficial ownership information for the purpose of detecting, preventing and punishing terrorism, money laundering and other misconduct through business entities.Uncle Sugar requires us little guys to register and be tracked even though 99.999% of us are not involved in terrorism, money laundering, or other misconduct.

I just got done with my required annual commission update for 2024 (I know I’m a slacker, I waited until the very end of the year lol) and the teacher of the class said that a high percentage of the number of agents who had their licenses revoked in 2024 were the result of being involved in subject to transactions that went sideways.

If you not ready yet, I am sure some actually involved with Morris can chime in

Your dilemma boils down to two priorities: maximizing your investment growth versus creating financial stability for your personal residence.

@Celine Li Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Though I would mix with antifreeze if the heat is off and your winters involve freezing.

Proactive updates can prevent misunderstandings and build trust.By balancing the needs of these three stakeholders,  a harmonious ecosystem can be created where all parties feel valued and invested in the success of the property.In summary:Property management isn’t just about collecting rent or fixing issues—it’s about creating value for everyone involved. 

Are you being compensated to do the management if there are partners/family members involved?