I will be acquiring a loan to purchase a single family residence in South Carolina.

I wouldn't touch a multifamily with them or single family.

Purchase price: $75,000 Cash invested: $55,000 Sale price: $175,000 Gorgeous single family residence converted from a rental I held for two years into an amazing flip.

The exception is: When the 2 members are married spouses who reside in a community property state. 

If you are a spouse, minor child, etc the rules are different than if you are an adult friend. 

I''ve only heard of ones existing who work on large constructions projects, not small single family home investment properties. 

We analyze the entire market based on rental data and assign NOI's to all single family and multifamily simultaneously, then rank them. 

I had been researching my options for this scenario, but now that I have my 2024 taxes squared away I've realized that my MAGI exceeds the limit for single filers.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $122,000

Cash invested: $41,000

Value after renovation $175,000.
Closing $ 31,000
Renovation $ 10,000

...

The $250 would not even cover the sustaining maintenance/cap ex on a single unit.- The rent growth as reflect by the rent has not been great.- The appreciation in that market is pretty good and exceeds inflation.