My main concern was the age of the property but it is brick and seems to be in good shape.

@Mike McCarthyThat is exactly my main concern right now.

My attorney (in Washington) set up a revocable living trust for my wife and I for this exact purpose, and explained that thIs would allow us to avoId probate.It cost $1500 for him to set up the will and trust since our situation is relatively straightforward.

As far as tax purposes, it’d be a normal rental, everything expense wise for it is deductible

Anyway I would like to do some renovations to the home now (cosmetics only.. exterior work mainly) and also start working on kitchen and bath cosmetic updates.

I have a ton of questions but here we go....I am interested mainly in buying and holding, learning about that first, then getting into flipping and tax liens somewhere down the road.

A qualified Opportunity Fund is a privately managed investment vehicle organized as a corporation or a partnership for the purpose of investing in qualified opportunity zone property.

Seems that wouldnt be allowed simply for the purpose of removing owner who disqualifies the shortsale?

My main goals for getting into RE investing is that I'd like to retire by 40/45 (if possible) and have the freedom of not having to work for corporate America.Hoping I can learn a lot from this community and start my path for financial freedom!

So our business has mainly been buy and hold larger multi family buildings but we have come across a 4 unit that we can not pass up but need some experience advice on which route to go.