Either one of these people - the buyer, or the seller, can screw you, intentionally or unintentionally in years to come. 

Generally though, you can deduct interest on the mortgage up to a certain point.

Its the nature of our business. 

Hey @Moshe Marciano, CA can be very difficult but you can find some areas that still allow it.More state wide regs are coming for 2024 that could affect payouts and such.

But, the self-sufficiency test for FHA loans can be really difficult in SF, meaning that the market rent from units you will not occupy must be sufficient to pay for the mortgage payment. 

*Another Exciting Development in Charlotte*The Iron District is set to break ground next year (address 905 w morehead st.)The Iron District's strategic location offers easy connections to Uptown, South End, Wesley Heights, Freedom Drive, Camp Greene, I-77, I-277, and Charlotte Douglas International Airport.

And then shut up until they talk.

Mine went up as well .

I know you don't want to deal with tenants and their problems, so why not either:A - Buy a NNN property where you don't have those problems, but still have cash flow,...orB - Take your $500k, and partner up with another investor where they deal with the tenants.

Us: We want to buy the property, fix up the (3) apartments not occupied by her parents to generate rental income.QuestionsMy thoughts are to work out a deal where we purchase the property from her parents without taking a loan from bank.