That would be a separate mortgage and not what amounts to a second loan on your personal residence, which if you have spouses, they might not be that into. 

If the home was still your primary residence throughout 2024 and not actively listed for rent, it would typically remain classified as a personal residence until the lease began.

I'm just glad someone taught me this when I was started out- Garret Sutton first opened my eyes up to it, and then I started a relationship with a stellar SEC attorney in Denver. 

You’ll put 5% down but get 2% back on sale (which might pay for your closing costs) and then do a rent by the room to cover your expenses and downpayment for next year) Not sure which university you are at but both Henrietta and South Wedge are solid places to start (serving RIT and UR respectively) Good luck, I personally think Rochester is a great area to start due to constrained supply with a growing population

It doesn't matter if the shareholder and President are the same person, the way you behave should be the same. 

One person works for a well known home builder. 

.: I'd be tempted into doing an STR (maybe with a higher down payment to ensure cashflow, just run ROI numbers) or an apartment complex - I personally wouldn't mess w/ small stuff.

My number one piece of advice is finding a group that you can attend online or in person to keep you motivated and accountable to your goals. 

@Jared Goldwasseri would strongly recommend you go to Cincinnati in person. 

If you are a person who has a full time job, or runs other companies, it is my professional opinion that you will be better served having the GC handle everything and report to you on your schedule.Once you decided to run the operation yourself, you are now employed by the development.