Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.

Loan interest is deductible based on the use of the loan, not the asset securing the loan. 

For my units, I usually look for someone with annual income 40x the monthly rent so I know they are financially secure. 

For example, I have a main account that is for my holding company, sub-accounts for each property, and sub-sub accounts for security deposits and things like CapEx for each property.

Key point is WITH a SECURED border to stop the flood of 100k-300k monthly illegls. 

My wife used to work for REM Wisconsin in accounting. 

We have emails, video conferences, secure portals etc etc.We do have a physical office, and half of our clients are local.

As a result, competing against seasoned investors in the multifamily space can be challenging, especially for newcomers or those with less capital to deploy.On the other hand, single-family homes (SFH) are typically the go-to choice for primary homebuyers, who are not always as cash-rich as investors but can still secure financing through conventional loans.

We have been fortunate to rarely hold any security funds from former tenants.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.