The biggest challenge is finding a team you can trust that will run the business for you because its not passive at all. 

Whether my brokerage would work for sellers alone or for both buyers and sellers is a technical matter, an important one to be sure, but a technical one that can be overcome.

How do you navigate that challenge in a market like Utah, where achieving that kind of rent-to-mortgage coverage is becoming nearly impossible?

Vincent de Paul challenge program and are looking for housing that's willing to work with the program.

Hey Elliot, this could be more challenging to get approved as a first time investor as a first time investor.

Challenges?

I would appreciate any advice on whether it's a good idea to invest in land on a slope and the potential challenges of building on such terrain.If this seems like a worthwhile investment, can anyone recommend reputable construction companies that specialize in cabin builds on slopes? 

I've never heard the 25% thing before, but any difference between FMV and sales price would technically be considered a "gift" with potential tax implications for your parents.You can avoid most seller costs as there's no reason to use agents in this case.As an FYI: I always recommend avoiding a FHA loan, if you qualify for a low-down payment conventional loan.

Challenges?

Guests staying at a discount, technically called "below market rate" is ALSO personal use!