It’s not limited to rentals, but since your parents-in-law's home is a primary residence and not a rental, it wouldn’t qualify for a 1031 exchange right now.

That's a terrible idea.He should either install a smart thermostat that allows him to set limits, or he should remove her from the property.

With a Conventional Loan you can buy a SFH, Duplex, Triplex or Quadplex with as little as 5% Down if it is your primary residence as long as you have the intention of occupying one of the units for 1 year after closing escrow.This is the strategy I have personally implemented and have assisted many of my investor clients in doing the same. 20% Down is also beneficial as it keeps your payment low but it does limit your ability of buying more real estate faster.i would be more than happy to discuss the different strategies with you over the phone or in person.

Most cities don’t want a mobile home park in their city limits because the tenants take more money out of the tax system than they contribute.

Our goal is to scale quickly and acquire as many properties as possible, with no upper limit on our ambitions.

It’s great that you’re looking to connect with local investors—it’s always helpful to learn from others’ experiences as you get started.As someone new to investing, one thing to consider is not limiting yourself to your immediate area.

Living in one of the units is a great idea when starting out so you can limit your living expenses.

With the limited info, I would say #1 is your smartest option but there are a lot of variables missing.

It provided loss of use coverage and high liability limits but at less than 50% the cost of the quote I got from Proper.

I was speaking with an agent last night who said that their brokerage told the property management division to get out of any contracts within the city limits.