Investment Info:Single-family residence buy & hold investment.

Red Bank is opposed to multi family which is odd given the concentration of it within the city. 

It sounds like a single family house where you will be living in the house(personal use).Therefore, you may not be getting the tax benefits you think you are.Consult an accountant.I am not sure why your sister would agree to this as well, she is losing $170,000 in this transaction and she faces the possibility of you increasing her rent.You also have to charge market rent or close to market rent or it is all deemed personal use.

@Noy Rivlin Most single family homes that make sense as rental properties are about $125k-$225k.

This investment was a failure for our family but due to the training from biggerpockets and community the outcome was mitigated.

The single family homes I have are 3 bedroom but the tenant pays for them. 

Quote from @Brittany Kelly: Quickest way to put single family home rental into LLC.

.: Josh Altman is seeing a huge spike in interest among displaced Pacific Palisades Ca residents in seven specific areas following the devastating fire last month.He gets multiple phone calls daily from families who are looking to move to 1.

Investment Info:Single-family residence buy & hold investment.

@Shaun Ortiz providing for the future needs of my family, RE is my retirement planning vehicle of choice.