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. 

So to answer your question, I don't think buying the cash buyer data feed is necessary. 

Hey Khyree, is your intention to "wholesale" or are you trying to buy a fixer? 

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

Hello all,I'm looking to buy my first multi-family.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Madison.

In your opinion, is a DSCR loan one of the best options if you are wanting to predominantly buy and hold in your acquisition Stategy?

We usually have 2-5 properties a year that we buy or sale.  

I generally recommend if you're not going to buy a property in the city/market where you currently live, the next best place to look is where you have family (and presumably a place that you'll visit relatively often and easily).What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper", assuming you buy in Peoria or a similar priced Midwest market?

The plan is to buy and hold.