So actual benefit is hard to nail down until it's actually tested/required to provide protection in the event of a lawsuit. 

Have the co-op take out a loan for 60% of building value, then charge buyers 20% of value in cash for each unit. 

With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.

Using a HELOC to fund your first rental can be a great strategy, especially if you want to preserve your cash for other expenses or unexpected costs.

You may also have to get your "hands dirty" in order to make these properties cash flow.

It is a fantastic time to buy for equity, but it will be extremely tough to cash flow as rental prices are continuing to decline.

Hopefully, one of them can reach out to provide further assistance and insight into what you're trying to accomplish in real estate. 

Hopefully you raked in enough cash to buy a warm jacket!

Purchase price: $255,000 Cash invested: $51,000 Second property, bought soon after the first multi-family.

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.