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.

Annual adjustments: These income thresholds and premium amounts are adjusted annually.It's important to note that various types of income can affect your MAGI, including wages, Social Security benefits, pension payments, and even tax-exempt interest from municipal bonds.

Just thought I'd jump in here and let everybody know he's real and legit he has a proven track record and if you're smart enough to use a public record search then you will be able a verify this fact for yourself. 

Does this mean that we will just pay less at closing and not get the physical security deposits?

If so, make sure agreement is in writing, signed by both parties, specifies new end date and ensures any existing security deposit will still be dealt with properly per landlord/tenant laws, and I'd also ask for a partial payment to be issued at signing to make obtaining his new place easier.  

While I have the funds for the down payments, I’m in need of approximately $30,000 to cover the rehab costs for these properties to get them in market rent shape.I’m exploring various options to secure the necessary financing and would greatly appreciate any advice or recommendations on the best ways to obtain rehab funds.

If anyone in Denver is interested, the city is revising their zoning policies on ADUs - you can see a summary of the changes here or you can read the full changes proposed hereThey are taking public comments and questions through Thursday and hosting a virtual town hall tomorrow evening before a recommendation is made to accept or deny the proposed changes to the zoning laws.

I am scheduled to close on a duplex in Milo-Grogan in mid April so havent secured a PM yet. still shopping. but will certainly update here once the decision has been made. 

LLC Setup and Financing: How do I go about securing financing for a BRRRR project with a new LLC that has no credit history?