Opt for loan terms and interest rates that you can comfortably manage.Build reserves: Set aside cash reserves to cover unexpected expenses, like vacancies or repairs.Consult with professionals: Seek advice from real estate agents, lenders, attorneys, and tax professionals to ensure you're making informed decisions.Remember, there's no one-size-fits-all answer.

It had a mobile home park component, self storage, commercial and industrial tenants but it was interesting figuring out how all the numbers worked together.

All my current properties are in LLC set up in NJ and the properties are in NJ.   

I've had a BiggerPockets account for a little while but wasn't active at all in the past.

In all seriousness, if this is the start of a budding STR business for you, your parents should understand. 

Once again, proofreading is helpful to avoiding these time lapse mistakes that make your post sound out of touch.Finally, I hope all you say about the opportunities that will occur with Trump work out for you and your plans to score big here, but is there a "subscribe" button that I am missing from your final comment? 

It's a 2-unit house, if that matters at all. 

. $20k tax lien are two very different animals.What you are offering seems more than generous but again - it all depends. 

I'm Paul from NorCal, passionate about real estate investing for long term rentals I'm particularly passionate about finding deals outside of California Excited to learn and connect with you all! 

The art and science of it all is that you don't lead with "I want to make an offer on your house", instead, you ask the homeowner "how can I help you?"