For BP readers in NC (or other trustee states), get to know the trustees that operate in your county of choice, then periodically look for upcoming sales.

It's critical to do your research and determine which platform is best suited for marketing yourself or your organization as a landlord.

Not that it would take an MI6 operative to tell that something was off with that dude.

Also I operate 5 STR's myself over 95% performa so I should have some experience in this realm to provide some insight. 1.

(this will help you keep your money)Profit First, by Michal Michalowitz (this will help you organize your money)The Millionaire Real Estate Investor by Gary Keller.

You're essentially buying into a partnership with your friend with the partnership owning and operating the property.Now, the financial side of that gets more complicated and would generally include an advanced proforma/financial model that includes a GP/LP equity waterfall schedule that is based on how you and your friend agree that you will pay her and also share the profits.I assume that won't make sense to you right now, but I'll send you a DM.

I ran into this recent TurboTax article  that led me to believe it was possible: Second, you may have a net operating loss (NOL) if the Section 1231 loss is large enough to reduce your other income below zero.

@Aubrey Adams-Thanks for the post / question -I would recommend developing a hypothetical plan  ( purchase price / loan amt needed ) and get pre approved ..this process is free and it will help get you organized and also to educate you  in many ways ..if you never end up buying - no worries and no costs have been wasted 

Given that this website invented the term "house hack," it's only appropriate that BP as a business pull off an "office hack" - and btw, yes, the financing is better for owner operated offices, as well) that blunts much of the risk.We all know folks that purchased lots of SFRs in the aftermath of 2008, I also know some folks that purchased offices in the aftermath of 2008.

@Jessica HowellIn the operating agreement we typically put like $1,000 as initial contribution.