I started off with 3 houses on a lot and another house two lots down.

One member wants to be bought out and the other two want to develop new commercial product.

What about the second and third year when you no longer have the labor-intensive initial setup?

This took under two months to get rent ready and should cashflow about $500+ each month.

There is another house about two blocks over that I have the opportunity to buy off market under market value.

You're dealing with two parts of the IRS code.1.

I'm living in one unit and the other two are rented out. 

Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

I’m all for getting started and primaries make good rentals when only held for a year or two before they’ve had time to appreciate.

I agreed to rent the place to them for two months off-platform, accepting the first month of rent right away.