Ideally, I'd like to avoid paying PMI which applies to my current conventional mortgage.

If you want seek that golden lifestyle and looking for that hassle free life, perhaps renting that beautiful apartment and travelling to different countries would be ideal.

They will need to file a partnership tax return, and each owner will receive a K-1, which will include their individual SSN.

It shows individual gains and ROI over a 30-year period, which helps identify which factors provide the highest returns and make informed investment decisions.In your case, even if you're not cash-flowing in the first year, since the negative cash flow is minimal, I’d still go for it.

Ideally, you would want one that would share systems with you (spreadsheets, budget tracking, walkthrough checklists, etc) this would save you a ton in time and duplicated effort. 

Here's what I’m targeting:Investment Criteria:Unemployment rates below the national average.Rent-to-price (RTP) ratio of 0.60 or higher.Median home prices below $150,000.Growing population and areas where rents are stable or increasing.Key Questions:Which markets have you found to be ideal for first-time investors?

For example, when selling or holding investment property, individual circumstances can dictate that it’s a smart move to sell.Most reasons for selling investment properties are related to profit.

Your participation was substantially all the participation in the activity of all individuals for the tax year, including the participation of individuals who didn’t own any interest in the activity.3.

Be also mentally and emotionally prepared for the folks that think just because this is not your primary home, it's somehow less of a catastrophic event for you because others did lose their primary homes.That's why it's vital for you to form support networks with people who are in your same boat - ideally in the same community.This truly pains me to share - but most of the disasters I'm seeing across Western NC are going to be considered flood events and if you do not have a separate flood policy you will likely get no coverage.

Moving to an LLC will help going forward to show the property is owned by an LLC rather than you individually.