Often I’m easily cursed with information overload around investment decisions - I find it’s easier to let the analytical mind take over, so I have to work harder at letting my “gut” chime in.

Modern lumber is also a lot more prone to termite damage as it is softer and easier to consume whereas old lumber is extremely resinous and naturally termite resistant.

We never graduated to 506C.I think the vast majority of syndicators start out with 506Bs, easier to raise from when you have little to no credibility. 

Once you do that, it becomes a lot easier to parse through your options.

For long-term goals, I generally recommend focusing on newer investments in markets with a proven track record of steady growth.Once you're clear on how much time you want to dedicate and what outcome you’re aiming for, it becomes easier to choose the right investment path.Hope this helps, and best of luck!

Even if you only use it for a couple of years, you could sell it off and recoup a good portion of your investment.Now, on the tax side, renting gives you an immediate write-off, which might be easier for cash flow.

@Mary Pastoral- thanks ....I think you will need to use option 1 as the other options dont appear to be viable to raise the capital needed ....consider a conventional loan for the new purchase as the down payment can be as low as 15% of purchase price ....good luck 

Based on my reading of IRS Publication 523 (Selling Your Home), it appears that I must report the sale of the original property on Form 8949 and Schedule D, given that I received a 1099-S.

  :) 15% is also much easier for a prospective client to understand, rather than a front-loaded "move  in fee" followed by a lower monthly fee.

The Registered Agent will record the documents on your behalf so only their name and information appear on the documents.