Purchase price: $185,000 Cash invested: $35,000 Sale price: $671,000This was our 3rd home.

So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.

Quote from @Srikanth Kumar: Hi Everyone,I’m relatively new to long-distance investing and am exploring the purchase of multifamily properties in Cleveland.

I'm scared to purchase a second home but we have the funds to do so Do it!

I am wanting to purchase a condo in the St Pete Beach (preferable Treasure Island) market post hurricane(s).

Purchase price: $499,990 5 bed 3 bath split level house in Hyattsville, 1875 sq ft

Purchase price: $375,000 Cash invested: $30,000 This was a 2 unit that I purchased in 2016 for $375K.

We are seeing much longer wait times on purchases to be cleared for disbursing funds than refinances.

If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

Purchase price: $200,000 Cash invested: $30,000 Single Family Residence holding on to.