If you have insights, I’m all ears.Long-term, I’ve had deep conversations (mostly with ChatGPT) about eco-friendly building and infrastructure projects.

You will both incur long term capital gains. 

I still use the BP calculator for initial underwriting even on +$5M deals and that’s what I send to the bank along with my purchase and sale agreement to get term sheets going. 

Unfortunately the short and mid term markets are slowing down.

When we bought it, we made sure there were no leasing restrictions in the HOA rules.Now, we’re are notified that the neighborhood is pushing for new leasing restrictions, and it’s not just about Airbnb—it seems like they’re trying to limit long-term rentals as well.

There is the FHA 203(k) loan that you could use.

House hacking is a great starting strategy, especially with FHA loans.

To answer your questions- 1) How are the townhomes/condos in terms of appreciation? 

If you put in terms, you can have AI write it. 

They are inherently riskier loans so it takes a baseline level of trust, or legal protections, to ensure that the Gap lender in question is protected because being in subordinate position on title means that if it gets sold for less (via bankruptcy or any number of proceedings), you are more likely to lose your money.You also need to make sure that your primary mortgage holder on the deal is okay with there being a Gap funder.