Partner with Other Investors: One option is to collaborate with other investors or partners who might be willing to put up the EMD in exchange for a portion of the profit.

Hey Christian, You would typically prorate the property taxes based on the portion of the property that is exempt.

The attorney's portion of the sanction comes out of their own pocket.

This can help you secure those important 5-star reviews early on, which are vital since platforms average your ratings.

ASSIGNMENT, SUBLETTINGThe Tenant may not assign this Lease or sublet (or sublease) all or any portion of the Premises without the Landlord’s prior written consent.

Fannie Mae's definition for second home properties includes "must be occupied by the borrower for some portion of the year".

Here's some guidance on buying your first investment property in Southern California or Columbus, Ohio:Down payment:For investment properties, lenders typically require 15-30% down payment on your first investment15% down is possible with excellent credit (700+ score)20-25% down is more common, especially for multi-unit propertiesSection 8 considerations:Pros:Guaranteed portion of rent from governmentPotential for longer-term tenantsMay be easier to fill vacancies in some areasCons:More paperwork and inspections requiredRent amounts set by local housing authorityPotential property damage concernsOther tips:Research local markets carefully - price trends, rental rates, etc.Factor in all costs - taxes, insurance, maintenance, vacanciesConsider starting with a single-family home or small multi-unitBuild a team - real estate agent, property manager, contractorsHave cash reserves beyond just the down paymentUnderstand landlord-tenant laws in your chosen locationI'd recommend talking to local real estate agents in both areas to get more specific market insights.

When doing the BRRRR strategy, having the right team in place is vital.

It is vital to ensure you and your wife genuinely meet all the requirements, including material participation.

If I NEED to sell within five years, this calculation provides insight into the real-world return that incorporates these vital aspects of the investment.I want a balance between steady cash flow and long-term appreciation potential.