You just need to have more reserves set aside compared to a single family.

In Oregon you can kick out who ever is living there unless the federal law regarding arms length leases comes to play..

80% LTC is standard on ground-up construction, if they are using an experienced builder, have decent credit & the after-build value is sufficient, it should be a fairly straight-forward loan.The main problem I see with non-experienced builders trying to build is lack of funds, they will need 20% of project cost + Closing Costs + 6 months reserves.

If you are based in California or operating an LLC in California you will be required to file an LLC regardless of whether or not it is considered a "Disregarded entity" by the IRS for Federal tax purposes.

I have lots of first time buyer investor clients and always recommend a house hack (buy a 2-4 unit and live in 1 unit) but you need at least $40-50k I’d say to safely start even low down as need repair reserves, etc.

I don’t want to keep up on local, state and federal law changes so they keep me legal.

Although I've stressed the importance of reserves, he is comfortable with his system.

Heads up, South Korea is now forcing Airbnb to offer full refunds to South Korean guests all the way up to the final day of the reservation. 

Capital gains are calculated as:Sale Price - (Original Purchase Price + Capital Improvements + Selling Costs) - depreciation (if applicable) = Capital GainYour mortgage or HELOC balance does not affect this calculation—it only determines how much cash you take home after the sale.In Massachusetts, if the home was your primary residence for at least 2 out of the last 5 years, you may qualify for the Section 121 Exclusion, allowing you to exclude up to $250,000 (single) or $500,000 (married filing jointly) of the gain from federal capital gains tax.

With that amount saved up you could buy something and still comfortably make cosmetic updates and have reserves.