One of the downsides of condo ownership - things may be your responsibility as far as the tenant is concern, but may not be within your power (rather delegated to the association)

Then since COVID is heating up around here because folks are so resistant to getting vaxed, I could stay in and prepare the docs for the small claims case. also, i heard that a collection agency has the power to garnish wages.

Additionally, the super low down payment and powerful strategy somewhat rationalizes paying more for the property than a traditional homebuyer or investor.

You will get $250K of profit ($500K if married) tax free.And you can do that once every two years - that's the huge power of the exemption.

In other words, do you want to buy the house in your name or the name of your LLC and have decision-making power and responsibility?

And I don’t think basic ordinances are bad, however it’s a lot to stomach that all your investment money could be tied up in something that the govt has the power to shut down tomorrow if they wanted

Read a few books on real estate investing to learn the power of leverage.

Our CPA is encouraging us to contribute max to our Traditional 401k, however I am wondering because this is a pre-tax deduction will this affect our "buying power"/mortgage amount in the future?

It takes more dollars now to buy the same house a year ago because of the purchasing power of the dollar has been eroded.

By letting the other person speak first, you define the midpoint, which gives you much more power than the anchoring principle would.Plus, there’s a chance the other party’s offer will be even lower than what you would have offered: you never want to negotiate against yourself, and by waiting to see what the seller asks for, you eliminate this risk.For the best results, come in with a goal price.