Quote from @Srikanth Kumar: Hi Everyone,I’m relatively new to long-distance investing and am exploring the purchase of multifamily properties in Cleveland.

Purchase price: $185,000 Cash invested: $35,000 Sale price: $671,000This was our 3rd home.

So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.

The only additional thing that needs to happen is make sure appraiser makes note of why the value increase in as is vs previous purchase price.

Soon I'll be purchasing my first ever investment property (Virginia) (MFH) and I honestly feel like I made a mistake.

Purchase price: $375,000 Cash invested: $30,000 This was a 2 unit that I purchased in 2016 for $375K.

If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

Purchase price: $250,000 Cash invested: $50,000 Primary house hack.

I just did one for like 28k, was a little short on a closing cash purchase. 

We are seeing much longer wait times on purchases to be cleared for disbursing funds than refinances.