Just focus on running the numbers carefully to ensure the property cash flows or at least covers expenses, and don’t hesitate to lean on resources here for advice.If you’re financing, look into FHA loans, as they’re great for first-time buyers purchasing up to 4-unit properties with low down payments.

New construction in the city limits is increasingly hard to find and increasingly expensive.

Research market rents, carefully calculate expenses, and ensure you have a solid lease agreement.

Can someone tell me what they pay monthly for business expenses for their software..

If you decide you need to hold the property it makes refinancing either impossible or expensive. 

While these technically exist, these are typically difficult to execute and are very expensive.

A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.

Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

Heck, maybe I’ll give the property manager (me) a 100% raise and an all expenses paid vacation 6 times a year.

Flips have done good not great, Air Bnbs are going good not great, and rentals all were brrrr'd perfectly but like most cash flow just enough to pay the bills and cover expenses.