You will quickly find, as you generate local person-to-person relationships, how many opportunities open up! 

I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.

Personally, I used a business credit card to fund a BRRRR deal, securing over $90K in credit with just an LLC and a solid credit score.There are many creative financing strategies available, so don’t let capital be a barrier.

How often do you use it personally or let friends/relatives stay? 

Personally I consider it to be more of a entry level neighborhood for first time home buyers and a blue collar neighborhood for long term renters.

Marketing-Ready Design – Your rental should look as good on camera as it does in person.

The deadline to file for properties purchased in 2024 is January 31, 2025 for the benefit to roll forward this year..Other Important ConsiderationsThe exemption doesn’t apply to agricultural property, personal residences, or property assessed by the South Carolina Department of Revenue.Even if you missed the initial deadline, you might still qualify for partial benefits in future yearsHow to Apply for the ATI ExemptionApplying for the ATI exemption is a straightforward process, but it’s essential to act quickly and provide the necessary documentation.

Look into DSCR loans, which use rental income for qualification, allowing you to scale without relying on personal income.

@Ben Callahan, you could find a partner who is looking to buy a similar property, be a co-signer to your partner, and have that person live in it and be a primary resident. 

To clarify, in MN a person must be a licensed to perform at-charge Property Management services, for others, on a standard commerce basis.