If considering partnerships, set clear roles and agreements to avoid conflicts.

To avoid any problems with your tenants I’d hire a property management company for 1 year to take care of the issues.

But the IRS has said that it is not appropriate to purchase from a related party when the purchase is an attempt to avoid tax. 

What are the pitfalls we should avoid?

highlight_post=6803139&page=1#simplified-forums__discussion__replies-containerI have no reason to alert you of this danger other than honestly trying to help you avoid the trap that the rest of us fell into.FOR YOUR OWN SAKE, DO NOT BELIEVE ANYTHING MARCO OR NORADA TELLS YOU UNLESS YOU SEE IT IN WRITING AND HAVE IT VERIFIED BY YOUR LAWYER. 

I too am wanting to cross over to 5+ units in order to avoid the elusive comps for small MF 2-4. 

I think many people are going to avoid buying in flood zones, especially after the back-to-back hurricanes we had.

So even if you do only avoid paying federal taxes on say the last $100K of your income, that's a really good deal.P.S.

Hi everyone,I’m a Real Estate Advisor for a company that provides turn-key investment properties for investors who want to own assets but prefer to avoid the day-to-day management.

In order to avoid questions from the tenants, I was upfront and told them that the current furnace is expensive to run because it is inadequately sized for the house (I didn't mention details about lack of a heat pump) and we made the decision to change it out for a gas one ASAP, which will go to their benefit, and all we need from them is to add gas service.