It's important to let the seller know about this upfront so they don't get mad about paying the realtor... or you could pay the realtor out of your pocket or just add a small amount to the sales price if your lender (if you are using a lender) will allow it.

While it provides opportunities for buyers who may not qualify for traditional loans, it's important to ensure affordability and long-term sustainability.

I’m not in Tyler, but I know how important it is to find like-minded people when starting out.

@Dennis LiDennis, your question is very common among real estate investors, and it’s an important one.

It would seem having a set of plans would be very important for many reasons, like emergency plumbing or electrical, etc."

But, I agree with others in this thread that broker relationships are more important in commercial real estate than residential real estate. 

Since you're focusing on affordable markets in the Midwest and South, it’s important to verify rental demand, property taxes, and local landlord laws.

Yes - income level would be important and to know what your losses are without bonus depreciation. 

None are good and none are bad, it always depends.I was pitching an investor yesterday and explained to him that we can cater the investment structure to what is most important to them.In the deal that I pitched, its a $330K equity requirement and $158K net profit on the entire project, which will be split depending on his preference.

.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.