Another option would be to find someone to buy it and do a lease option contract with you.

Where are you buying your rentals?

Instead of stressing over timing it perfectly, focus on making sure the deal still works even if rates shift.Since you’re buying in Norfolk, check if lenders there offer any investor-friendly incentives.

Of course, if you buy them, the depreciation clock starts over.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Commercial insurance rates have increased significantly over the past few years, and 5-unit is the most inefficient asset type to buy.

I work with a ton of new investors as a realtor the #1 way to get started is just find a 2-4 unit in decent shape and buy it low down with conventional financing 5-10% then you can live in it for a year and do another next year.

Would it be better to buy with a Land Trust?

Quote from @Mindy Nicol: Investment Info:Small multi-family (2-4 units) buy & hold investment in St Augustine.

Investment Info:Single-family residence buy & hold investment.