We have just 5 properties, but with turnover each year, it is very time-consuming to figure out security deposit refunds net of any deductions.

I personally focus most of my time on securing deals through broker relationships, though many others also focus on the areas you listed.

I am very interested in creating a group of real estate investors to build a business, so we can build a good and honest business and secure our futures, and not live paycheck to paycheck. if anyone serious enough to want to build something like this, please message me. 

Hey everyone,As someone actively involved in funding real estate deals across various states, I’m always interested in hearing how other investors are securing their financing.

If not, have you considered using a 1st Time Home Buyer Down Payment Assistance Loan or Grant to purchase a small multifamily property that you can also live in?

., off-street parking, on-site laundry, garage, etc).The ultimate plan is to BRRRR, and I'm able to secure verbal agreement from a couple of relatives and friends for financing.

Carry interest of any debt secured by property.I don't believe "necessary" is a word in the statue.  

Recommendations include moving the patio away from the house and adding a retaining wall.Other considerations:I already have a team in place locally to manage the property and handle repairsI visit the area biannuallyThere’s another couple interested in the property and supposedly making an offer.I haven’t secured preapproval for a loan yetMy credit union only services Oregon/Washington, so I can’t use them for a loanI’m unsure about the process of buying an investment property from out of state, as a first time home buyer, especially since I don’t plan to live in the property myselfWhat I’d like to know:Does this seem like a solid investment opportunity?

This might offer more security but also could complicate tax reporting.Taxation of Y as an S Corp:If Y is profitable, electing S Corp status could reduce self-employment taxes, but it also comes with more stringent IRS rules.

And you should take a minute and watch Grant Cardone's youtube video, "The Worst Investment You'll Ever Make."