This offers no additional protection, adds additional operating expenses and  is treated in court as an alter ego entity.

-JustinYou may want to talk to a Mortgage Loan Officer (MLO) to make sure a "partnership", a legal entity, is acceptable on an FHA Multi-Family loan.

LTRs typically offer more stability and consistent income, while STRs can yield higher returns but require more management.

(Again, whether quitting your job is a good idea is a different question than if it's legal.)Good luck! 

Market Selection Criteria: To choose the right market, consider factors such as:Economic Growth: Look for markets with strong job growth, a diverse economy, and increasing population.Rental Demand: Identify areas with high demand for rentals, which can be indicated by low vacancy rates and high rent-to-price ratios.Affordability: Ensure the market offers properties within your budget that also meet your cash flow and appreciation goals.Property Management Quality: Verify that there are reliable property management companies in the area to handle day-to-day operations, especially if you are investing from a distance.Comparative Market Analysis: Perform a comparative market analysis to compare potential markets.

I'm delighted to offer a copy of what we've developed over the years.

@Aaron Simril you can try to sell it and hope a buyer will overlook these issues.Check your state laws, because in Michigan, you'd be legally required to disclose what you know about any repair issues and would be liable forever.Appears you may also have the opportunity to sell and avoid capital gain taxes on up to $500k of gains from a sale.

First, never send a lender money unless it's to be paid for appraisal or admin charges and if you looking for a good lender I could refer you to our hedge fund which offers you a hard money loan with no experience and only must be a homeowner.

I have been exploring turnkey properties offered by MidSouthHomeBuyers in Memphis.

Hi Julie,A lot of lenders don't like to do HELOCs on investment properties but I would click on the lenders list that BP offers and see if you can find one there that may do this.