Alternatively, buying a Midwest property and house-hacking a duplex in Albany gives you two properties but may involve more management complexity.Waiting a year to build more equity while keeping your cash flow intact is the safer option, but you risk missing current opportunities.

With a self-directed IRA, you can invest in real estate and other alternative assets, all while enjoying tax-deferred or tax-free growth.

Alternatively, she offers guest services for a fixed rate, but then there's the question of how burdensome handling bookings would be if I manage that myself.

Alternatively, target non-FHA buyers to avoid this issue altogether.Consult a Real Estate Attorney: Ensure your contract language is solid, especially with regard to title protection, seller obligations, and your rights in the event of default or dispute.By balancing your need for control with the costs of formal closing, you can structure a deal that works for both you and the seller while protecting your investment.4o

Alternatively, you could provide a credit towards closing costs.

Alternatively, if you gift the rent outright, you can't deduct expenses.Home Modifications: Yes, you can likely deduct expenses for modifications like adding a ramp, as long as the home is considered a rental property and the improvements meet IRS guidelines for being necessary improvements.

Just having that information might get them in trouble unless they have a good alternate source of the information. 

A hard money loan could indeed be a great alternative for your current plans, especially if you're eager to get started on your rehab project sooner rather than waiting for a conventional mortgage approval.Our fix-and-flip loans are designed specifically to provide real estate investors like yourself with flexible, short-term financing solutions.

This is far from passive. 3) alternate rent models (rent by room, STR, MTR).

If you feel your CPA may not be fully up to date on certain aspects of your particular tax situation, especially with multi-state holdings, consulting another professional can offer fresh insights or alternative strategies.