Since you’re considering selling your business, this could be a way to put your capital to work without taking on the headaches of being a landlord.Right now, you’re at a decision point, and a few key factors will shape your next steps:Leverage vs.

Your mentor’s advice about starting with a rental property is solid, and a duplex could be a great option for house hacking.

Everything looks great and a year later that employer goes out of business or lays everyone off? 

It's probably going to mean paying points at closing, a high rate, and a serious pre-payment penalty (like 5 years). 

And, as I'm sure you know, both investors would require a 3rd party verification of assets to prove their accredited status.Let me know if this is what are asking or not.

That means an 800K purchase and a 200K rehab (1 million invested) can result in a 400K tax credit that results in 360K CASH back in the pocket of the investor.  

Avoid common pitfalls like skipping due diligence, underestimating repairs, and overleveraging having reserves and a strong team is key.Good luck!

So one tenant pays their 50% in RentRedi and the other pays 50% in RentRedi and as long as it equals 100% at the end of the month, everything is good.

Lastly, we'll need a closing attorney who can close quickly and as inexpensively as possible.Any recommendations are much appreciated! 

My client had some things come up that prevented her from executing, but these were some of the options I had put together for her, a regional bank, a regional CU, and a national bank.Reminder that NOI sizes CRE debt, and that's often what determines the down payment requirement, not anything to do with the client or particular lender, just the property itself.