I am saying be prepared to defend yourself financially as well as your reputation with those you might meet.

Also post if you know something similar.Every investor comes from a different financial situation and has different financial goals and risk tolerance.

•However, if your wife or her direct family members receive a financial benefit from the sale (e.g., inheritance distributions from the proceeds), the IRS may consider it a related-party transaction.3.Two-Year Holding Requirement•If the IRS deems this a related-party transaction, you’d need to hold the new property for at least two years before selling or exchanging it again to avoid disqualification.

Hi @Joshua Manier,**I'm not affiliated with any of the companies mentioned**Your strong financial profile and low LTV puts you in a great position!

Multifamily rentals are a great way to achieve financial freedom, and it sounds like you’re on the right path.My advice?

Anyone answering is not responding as a Tax accountant, Insurance expert or as a Financial advisor.  

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

It’s a great way to add value to a property without putting a ton of money upfront, and it can set you up for financial success in the long run.Has anyone else done a similar renovation project or used a gift of equity in their deals?

Next up is a huge financial hit: closing costs.

@Austin Williams - Leveraging a VA loan for a house hack is such low-hanging fruit for financial freedom.