Enjoy as you prosper.....

Enjoy as you prosper.....

Enjoy as you prosper.....

I like the option route the best, but allowing you PM to master lease the property from you while subletting it to your tenants could be prosperous.  

Prosperity Through Real Estate has a subgroup on Multi Family that meets monthly.

Shortly thereafter interest rates pushed into the neighbourhood of 18 - 20% {imagine a mortgage rate like your credit card}, things stalled, and household income/prosperity was dealt a blow from which many argue it has never recovered in this country.Confidence is good, but be confident in the knowledge that the divergence between household income and housing prices/costs have never been greater and, in many areas handily exceed the rate of local/regional economic growth.Just as it would be a missed opportunity to sit on the stuffed mattress and wait for things to return to the range of historic normal, it would equally illogical to assume the current pattern, despite its incredible longevity, cannot come unravelled overnight. 

Debt deals generate 1099s so you just file as normal, it's like loaning money on Prosper or Lending Club which also generates 1099s.Equity deals (including preferred equity) will generate K-1s which you will get state specific K-1s if they apply.

You're a pleasure to work with and its nice to see you being prosperous right off the bat!

If mom and dad constantly criticize you, it may be difficult to prosper.

It also clouds your ability to envision a prosperous life as an investor when you are doing all of the labor.