You have many things in common with the other owners I mentioned.

I have very little knowledge with investing in real estate, and this was extremely helpful.

You can go traditional DSCR and qualify off the long-term market rent to get a better rate and terms, or if the market doesnt support enough comps for LTR then you will use a common sense lender with the ability to underwrite off the STR income/market STR 1007 report.

The capital stack is approx 70% debt, 5% pref equity and 25% common equity.

Common expenses include:- Attorney Fees: Legal assistance for reviewing contracts and ensuring compliance can vary based on the complexity of your deal.- Title Insurance: Protects against potential disputes over property ownership.- Appraisal Fees: Necessary to determine the property’s market value.- Closing Costs: This can include various fees related to finalizing the loan, such as recording fees and settlement costs.Inspection Fees: If required, this ensures the property is in good condition before purchase.It’s a good idea to discuss these potential costs with your lender upfront to get a clearer picture of what to expect.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.PM us if you’d like to discuss this logical approach in greater detail!

This is quite common and we have many duplexes we do this way and haven't had any hassle and in actuality it is much easier for everyone. 

Currently i am getting up and running as a Real Estate Agent but i am extremely interested in pursuing other areas of real estate personally for real estate investments.As a Realtor i'm looking connect with the following people and experts :- Other Real Estate Agents - would even love to discuss mentorships if anyone has the time but if not just growing this community for me would be great.- Investors / Rehabbers - You never know when i will stumble across a fantastic deal - would love to be able to keep in touch and send you market updates from my area.

I've built my network through different industries but real estate is a common theme in our investment strategies.

If you are able to purchase as a "tenant in common" then that would work for a 1031.