vs. needing to get checkbook control set up?

It’s crucial to set up your rentals correctly from the start for proper depreciation treatment, as mistakes can be costly to fix later.

If you do the deal, ensure you have your property taxes set aside, because with seller financing there is not an impound process to handle the taxes and insurance. 

And your net worth will thank you.If you still want to go ahead, you'd be better off buying a house than an apartment because, while the value of the building itself will go to 0, you'll still have the value of the land, bearing in mind that the land might actually lose value too given the depopulation and the yen depreciation.Sorry if I'm pooping a party but make sure you understand what you're getting into (which you're already doing by asking the forum) and then make the decision that's right for you according to your objectives.

Looks like a nice set.

This is the structure we were looking at which is more of a subsidiary structure and this applies to raw land development: 📌 Structuring Plan1️⃣ Set up a QOF to raise capital from investors.2️⃣ Create a QOZB to handle hotel & parking development (each separate land parcels).3️⃣ QOF owns the land & funds QOZB for development.4️⃣ Raise capital through QOF equity, bank loans, or JV partners.5️⃣ Develop the projects & operate for 10+ years for tax-free gains.

When we purchased it, it was fully renovated and set up as a 5 bed/1 bath Airbnb.

I am looking to learn about the industry and set a goal of making my first purchase this year if it makes financial sense. 

Would love to set up a call.

The plan was to house hack the house by setting up the third bedroom as a studio apartment with its own bathroom and walk-in closet.