Given that you're already in it for 6 months and close to getting it rent-ready, it might be worth holding onto it and renting both units out, which could help offset your mortgage costs.

My biggest advice is to start investing where you have a good network of people you know like and trust...this especially holds true if you will be investing out of state.While it's not impossible to go straight to the commerical I personally found it easier to start in the residential world and then make my way over to commerical multi-family. 

@Greg Hammond If you decide the property is no longer worth holding on to and you decide to sell, in addition to the capital gains you want to consider depreciation recapture as well as any closing costs and commissions.

Investment Info:Large multi-family (5+ units) buy & hold investment.

Are you thinking of more of the fix and flip strategy or buy turnkey and hold?

I don't personally think I would rent to him though because I wouldn't want to be known as the LL who rents to sex offenders.Has the unit been vacant a while or do you have enough interest in it to maybe hold off for a good tenant who is not a sex offender?

I doubt congress envisioned people self-managing multiple single-door motels on the side while holding down a full-time job. 

Good to know that I should look at seller financing first....I hold 5 properties (making up 17 doors) in NC and TN since 2020. 

Investment Info:Other buy & hold investment.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Webster.