Once she is done, we will flee South where we will both become self-employed (myself via RE holdings).This latest property (currently under contract) will have a purchase price of around $105K, with between $20K-$40K of rehab needed, depending on how updated we want to make it.QUESTION: How should I finance this next purchase, given our long-term plan?

In January it will have been 6 months since starting the business and collecting rents and 5 months into the land contract payments.I pay my property manager $75 per unit a month which totals $825 for now until the 6th unit is ready which should be by the 1st of the year and it should be rented at the latest by Feb or March at which point the fee will raise to $900 to manage the total 12 units.

So, you might as just go with "professional landlord".As for "real", I suppose it's when you go into a room of "investors" (and some are), and people seek you out to bring their latest deal to you.

Sorry to hear about your previous partnership but it sounds like the latest one will work out better!

@Mike Webb, please keep me updated about your latest acquisition!

Our experience was generally in B/C class multifamily, and we have taken that value add strategy into the Industrial asset class because of the following key reasons:-Lower Acquisition Costs: Class B industrial properties are typically less expensive than Class A properties, which are newer, high-end buildings with the latest technology and amenities.

But the number of houses available continues to dwindle.The latest figures from the Alabama Center for Real Estate bear that out.There were 874 houses sold in Huntsville last month, a 28.7 percent increase over the 679 houses sold in September 2019, ACRE said in its monthly report.Huntsville’s inventory of houses listed for sale in September decreased by 316 when compared to the same period last year.

It's crucial to work with a local attorney and a tax advisor who can provide personalized guidance based on the latest legal and tax regulations in your area.

Tax laws and regulations can change, so it's essential to stay updated on the latest developments and consult with a professional to make informed decisions.

Consulting with a tax professional is especially crucial to ensure that you're making the best decisions based on your unique financial situation and the latest tax regulations.