@Jerry Velezif a property is owned outright with no mortgages, debts or liens on it, then it can (potentially) be purchased on seller financing. 

Goal is cashflow or at least covering a substantial portion of the mortgage. 

I think RI will continue to appreciate and over time as you(tenants) pay down the mortgage creating more equity.

However, if you made the property available for rent in 2024—meaning you actively advertised it, listed it, or had it ready for tenants—you may be able to deduct certain expenses like mortgage interest, property taxes, maintenance, and depreciation for that period.

After the inspection, we sent a request with a mortgage contingency date extension (because it was also difficult to schedule this with the agent), a credit for termite treatment and an extension for the closing date which would allow one of the current tenants to move out at the end of this month (when their lease is up) before closing.

If there is a mortgage on your primary residence and you are trying to deed your primary residence property to an LLC, you will need to check with your mortgage company if they allow it.

I'm a Commercial Mortgage broker and would love to connect.

Mortgage notes3.

For connecting with local resources like mortgage brokers, investors, and agents, the Austin Real Estate Investors Association (REIA) is a great starting point.

I promise you will have options once you finish renovating.If you purchased correctly (location & purchase price), you will have enough equity so that you can either sell it for tax free capital gains, cash out refinance (if mortgage rates are lower), or pull a HELOC to acquire your next property!