Have been reading up on this a bit and it seems if I get it into a roth ira it can be used for downpayment funds eventually with lower taxes removed?

@LeeAnn Owens did you end up using Federa?

I am looking to begin my family’s real estate investing journey in the next 1-2 years as we save up for the purchase.

If you occupy the property as your primary residence, you can  potentally do a HELOC or fixed second mortgage up to 90% CLTV.

But it ends up being around 3X the long term rent. 

I also heard that sometimes the water backs up in the kitchen from the previous basement tenant. 

The three reasons sellers typically choose the off-market route are privacy, potential savings, and price testing.

The way to handle it is to allocate expenses based on the percentage of the home’s square footage used for rental purposes.Here’s how it works:Calculate Rental Percentage: Add up the square footage of both the in-law suite and the rented room, then divide by the total square footage of the house.Apply This Percentage: Use this rental percentage to deduct a proportionate share of expenses like repairs, utilities, and mortgage interest.This post does not create a CPA-Client relationship.

For rentals, you can check for up-and-coming neighborhoods with strong rental demand.

But too often the reasons aren't there.