Hey Alex, Traditional or non-traditional lenders(DSCR) will not touch cannabis.

Limited Regulatory Oversight: Fintech companies that operate without a banking license may not be subject to the same regulatory scrutiny and consumer protection measures as traditional banks.

As a rule of thumb on a run-of-the-mill purchase with traditional financing, I usually plan on coming out of pocket about 3-4% of the purchase price above and beyond the downpayment.

The property is under their name but I’m thinking of moving it to an LLC (they would still be primary owners of LLC)z  Any strategies anyone would recommend to do this without creating a taxable event?

and pays rent in their primary.

Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.

I understand there's a one-year waiting period before converting a primary residence into a rental property, but does this same one-year rule apply when converting a rental property into a primary residence.I have another question.

Many PM's provide traditional realtor services so when an owner is looking to sell they would earn higher commission as well, and can easily double end the deal as they have huge rolodex of investors for the area. 

Whether you’re looking for traditional financing or creative funding solutions, I’m here to help you turn your investment dreams into reality.If you have any questions or want to dive deeper into specific markets, just let me know.

I have a great relationship with my primary lender and they require at least 20% down.