You have to find a zip code that has a prevalence of multifamily and a pathway to build multifamily.

Honestly is better spent as a down payment on a second building. 

@Jeanette LandI always recommend using a tax professional.

Generally speaking, with SFR or small multis, I just rely on the lease/rent roll (and some form of proof of payment; i.e. bank statements, deposit receipts, tax returns, etc.). 

Core values and faith-based messaging can be powerful, but they often get co-opted as a marketing tool to build trust.To tie it all together, many of these programs introduce a group or community.

That leaves $400 to cover taxes, maintenance, vacancies, etc.Now, let's pretend ALL your expenses come to $2,600 and you have $400 left over.

It’s possible to start small, build experience, and scale over time.

Fixing and flipping real estate has become one of the hottest ways to build wealth.

Since the trust is a disregarded entity, the benefit is bypassing  probate, not tax issues or liability concerns. 

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.