Could you subdivide it into lots and sell the lots individually for more money?

Hey Andrew, leveraging your existing financial strengths and experience in pooling resources for investment like commercial syndication, you could consider building a diversified real estate portfolio focused on out-of-state single-family homes in growing markets or smaller multi-family units like duplexes or triplexes.

So, this serves my goal to grow & diversify my portfolio while earning great tax benefits.4) I am in a strong financial position where I could qualify to buy multiple and have adequate reserves to maintain the properties long term and cover any potential negative cash flow during the time I own them.

I agree with Bruce that GC can often get better prices than an individual, however, if you are doing multiple deals you will be able to get great prices as well.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

It turns out they decided it wasn’t for them, but I did finally get a deposit to hold for it from another individual.

It's fantastic to see your enthusiasm for diving into the real estate industry and connecting with like-minded individuals.

I have always been fascinated by the world of real estate and am eager to learn from experienced investors, network with like-minded individuals, and grow my knowledge and skills in this exciting industry.Background:While I may be new to real estate investing, I am passionate about exploring different investment opportunities, understanding market trends, and building a successful portfolio of properties.

That is the only tenant profile I'd allow it for because they're relying on financial aid or being funded by parents.

If it doesn't make financial sense to do the study with the engineer, its probably not worth doing.