Quote from @Robert Frazier: I would stick to something that can be replicated on each flip when you are in a market like this price point.

Although you plan on having your mother live in the home to start you'll want to assess the home using the current rental rates and values in the area.

It is in a northern MI Downtown area (opp zone) in a county seat with 2 hospitals, had it re-zoned to mixed use, and is considered blighted which makes it eligible for MEDC funding of up to 50% of project cost.It is 8k sqft (4,000 each level) with the lower level being a walkout (top level is street level with sloped drive down to the rear of the building).

technically yes but I am not sure how realistic it is unless its a very large parcel. reason I say that is typically when you give up rights they will use them (for example oil well), which requires access etc.

I am looking to buy a multifamily in Jersey City for STR, any suggestions, what area will be good for STR and weather number make sense at this time.

Then when it makes sense, pull money out or 1031 into something new.

Once you sell your old property and use a QI, the exchange will be complete and your capital gains will be deferred.

James, this is inspiring, man!

When you have a minor leak beneath a bathroom, it's most likely from the drain pipes, which is why the water only leaks when someone uses the bathroom.

What made you interested in investing in this type of deal?