Build-to-rent in a community takes a lot more steps and I'd recommend you look to partner with someone else and do a lot more pre-work.

You only need to be accredited to buy into a Reg D 506C limited partner position in a syndication, you don't have to be accredited to buy into a Reg D 506B limited partner position in a syndication if they have open, one of the 35 spots allowed for non-accredited investors per 506B syndication.

Instead I would find an experienced flipper, offer to partner on a deal, maybe bring the deal to him if you can find one, and agree to take a reduced amount of the commission in order to be involved and learn about the process

Here is how I have it right now:PP: $3,000,000Entry: $450k + CCInterest: 3.25%Monthly Payment: $12,000Balloon: Split Balloon- one partner wants outin 3 years the other at year 10.

Unless there is significant equity in the property 50% LTV may not be enough to payoff the current underlying mortgage.Now here are the exceptions to lift the COB 50% limited LTV restriction:- you inherit the property and it was transferred into your name either via legal award from a domestic partnership/marriage - you have been on title for 24 + months- you took title to the property that was transferred from a partnership or partnership like entity (LLC, LP, etc) that you can document the ownership of 25% or more in- you lived in the property and have been on title for atleast 12 months as a primary residence- you have paid the mortgage for atleast 12 months - or you can demonstrate a relationship with the obligator (domestic partner, relative, family member, etc. )If you qualify for one of the exceptions you are not limited to the 50% max LTV  when considering fannie/freddie conventional cash out refinances on a subject to transaction.

In my mind, a multi-member LLC where my wife and I are 50/50 partners make sense, but I don't know if that will cause problems at tax time with counting losses from the LLC against my active income.

Partnering with a good property management company can help you handle the distance, but be careful with tax’s material participation rules if you expect tax savings.Sticking local is convenient, but branching out might give you better opportunities to meet your financial goals.

My partners and I have been running a real estate meetup for 2 years now here in Tampa.

Rather find a partner who will contribute same as you and you hire a GC strictly to perform the work.

Purchase price: $350,000 Cash invested: $100,000 My parents and I partnered and purchased our first real estate investment property in 2023.