If you don't plan on moving there, then you cannot qualify for the 5% down.

I didn't qualify for Collective Genius because I don't do a lot of volume.

I already have one traditional LTR with a traditionally-qualified tenant.

A qualified attorney can set this up.

Managed a substantial rent increase with two newly qualified tenants.

On the October 21, 2024 sale, the 1031 was started with a Qualified Intermediary that same day, so the transaction is a  transaction governed by Rev.

Hello,We recently bought this 16 bedroom, 4 bathroom motel type room-in boarding house in a low income area in Syracuse.

Bank would want 20% down (200k) and the State on board prior to releasing funds for buildout.

Here’s why and what alternatives might exist:Real Estate Syndication or Fund: Invest in funds that generate passive rental income, which can offset Schedule E losses.Real Estate Professional (REPS): Qualify for REPS to reclassify rental losses as non-passive, allowing them to offset active income.This post does not create a CPA-Client relationship.

@Gary Bonds owning a few rentals is not a business at least according to my accountant, Best to attempt to qualify using your personal income.