They can only receive a gift not to exceed a value over $50.

That makes it very liquid for doing down payments and closing costs.I learned that lenders do not like any money showing up in your accounts that do not have a paper trail... and making all this easy on the lender will help you get the loan done faster and easier, so no gifts from family or anyone within several month before you start looking to get a mortgage loan.

proper notice to enter is usually defined by the state as 24 hours notice. some states require 48. that is your starting point. that being said, coming through with a high amount of showings can be considered as disrupting the tenants right to peaceful enjoyment of their home. if you plan on coming through with one or two, you should be ok (legally) to give tenant prior written notice and come in regardless of their objections. if you think it may take multiple showings, you are likely better off to work with the tenant to set up a block of time for an open house. in extreme situations, you can consider offering a gift card to a local restaurant or movie theater to get them out. the tricky part is striking a balance between what is legal, entering with proper notice, and what is fair and reasonable, since the tenant can purposely leave the house an extreme mess to make it harder to re-rent, badmouth you to potential renters, and may even try to refuse entry. how you approach will depend on your relationship with tenant.

I am grateful to say I am being gifted some land upstate in the Liberty, NY area.

Be careful about partial gift/partial sale treatment if you’re buying it for such a good price.

Is anyone familiar with a gift of equity?

Can I get a hard money loan and qualify for re-financing to a traditional mortgage (BRRRR) if the property was gifted?

I also give away a door prize at each meeting, maybe a restaurant gift certificate.

Usually someone who has purchased with Roofstock can refer you and then you can create an account and purchase which will make you eligible for the $1000 visa gift card.

By then, if you’ve done it right your cash flow and equity should be good enough to make the jump to Montana.Option 2:  owner occupy a single family or condo (all of these options , including multi family) can usually be done with a low down payment FHA loan which also allows gift funds if you need and can get help From a family member) — depending on where you are in the Seattle area, your appreciation might be strong enough in a couple of years to borrow against (or sell) and begin stretching out a bit.Then it’s all about finding an excellent property manager in MT, and if you can’t find one where you want, look somewhere else!