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

You said you've owned the property for 8 years; that's like 2017 which was a prime time to buy.

So even if you had a buy out agreement negotiated up front and execute that buy out agreement, the bank would still require him to be guarantor unless something drastic changed on your side financially.The best scenario here would be to purchase and rehab the property using a hard money lender or bridge lender.  

He usually buys in C neighborhoods and has to do heavy rehab, but he's a construction guy that also runs his own property management company, so it's 2nd nature for him.

You can take out a lot of complexity when you buy property that only needs maye paint & carpet.

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

Or only buy something for $350K and pay tax ont he $100K difference.

And what are you looking to buy, SF, 2-4 MF, or 5+ MF?

Focus on analyzing properties and starting small, like house hacking or buying a single-family home to rent out rooms, while ensuring cash flow and maintaining an emergency fund.

Quote from @Roxanne Whitaker: Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement.