The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears.

So they may say 2-3% in the contract but do not be surprised if the buyer wants the seller to pay their broker as well.

Will the title company put this property under our LLC name, and won’t be required to legally inform HUD/tax authorities. - will it influence property taxes once we move to conventional loan in 3 yrs? 

I recently acquired a commercial mixed use at a great price and now that it’s fixed up, it’s worth considerably more and cash flowing well. 

Knowing that area very well, I would say keep the garage.

The information contained in this post is not to be relied upon.

Can speak Portuguese fairly well.

As well, does interior design qualify as a real estate business? 

One year after I used that property to pull a HELOC and this year used that money to purchase an off market 4 family property in Clinton for well under market value, which I just recently finished all of the repairs and upgrades on.

A well connected agent can also tap into their network.. for instance, probate attorneys might know of people seeking short-term solutions.