In the "industry", you would use an "Acquisition/Rehab" loan that allows you to use part of the loan to apply to the purchase of the property and you'll have some loan funds left over to use for the rehab.

If you get complaints, remind all parties that noise travels, they were warned to be quiet and respectful of their neighbor, and that repeated issues may result in removal.I have an apartment building where the downstairs renter can hear the upstairs neighbor talking on the phone when it's really quiet at night.

Hi Stephen, I would suggest reading as much as you can and connecting with people in the industry.

Seeing your intro is a breath of fresh air.. what's your next step in building a strong investment network?

The building value of the rental is written off across 27.5 years.

Keep learning, build relationships, and take action—this can absolutely change your family’s trajectory!

Since I'm just starting, I'd appreciate any insights on:-The best ways to build trust and credibility as a beginner.

Now, in REI, the industry is absolutely overrun and fraught with people going about being mentored in the most idiot manners imaginable. 

My dads portion of our building will be gifted to me in the will FYI.As a real estate agent, I see 5% as a reasonable market appreciation.

Build up your cash as you build your knowledge and network5.