That is treated differently by state.

You've got some different comments above so let me help clarify some things if you don't mind.1.

Quote from @Guadalupe Batana: Learning about different types of loans is always a smart move, especially as an agent.

But you have a few different options.

Selling below FMV treats the difference as a gift, requiring a gift tax return (if exceeding $19,000 in 2025).

However, it's a deal in a different state and during the Facetime showing, I could tell the tenants were gross and makes me think they don't care about taking care of the place or their living conditions.

The market in Racine is much different than Kenosha and we have been having a hard time getting quality tenant applicants.

This is a very different space than most folks here on BP play in from what I have seen.

I’m currently in the save all of money phase, I want a couple years of solid savings and some education before I get started, I’m 33 and have been working construction my whole life so this will be a much different career path for me.

I personally don't mind cooking on electric but I will say that cooking on propane is different than what most people know which is natural gas.