My Client has following Situation: 1099 Worker; Same Profession the last 8 Years2023 1099 Gross income $87,0002022 1099 Gross Income $134,000 Looking to buy a Condo, SF, or Multi-Fam, and rent out spare rooms & Apartments in the House. 

Landlocked property9. former Chromium factory10.Multiple properties with multi-million Federal Tax Liens11.

Lots of people rent houses for parties as well, and you won’t be able to do anything about it.  

I feel a loss of direction and that makes it really hard for me to focus and build.Do we keep at building a portfolio of small multi family (very abundant in my market, very rare to find anything above a triplex for sale), with plans of selling the portfolio and 1031'ing into larger properties? 

I own a multi-family house that was converted from a single family, therefore, there is only one gas meter.

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.

Based on your description, Party 1 seems like the safer choice.

I also have camera's on many of my multi-families so that helps(only on exterior)Keep pushing man!

Or you can sell it, split the equity, and go separate ways.I'm not a fan of borrowing from family/friends unless all parties are honest and everything is documented in a written contract.

The company I use, NREIG, just started writing again in some of the northern parishes, but aren't covering large multi-family and are requiring a minimum dollar amount per ft. sq.