Bought a turnkey single family off MLS.

Hi everyone,I am a 23-year-old beginner real estate investor, and I recently made my first purchase in September 2023—a one-story single-family primary residence with 3 bedrooms and 2 bathrooms.

Is this a Single Family Rental - it can work for sure to start with negative cash flow - but this is a very very risky strategy - especially if there aren't other considerations like tax benefits on a larger portfolio or anything else I'm missing

Investment Info:

Single-family residence other investment.

Purchase price: $170,000

primary home 15yr fixed 2.75% 10yrs left on note

What made you interested in investing in this type of deal?
...

There is no separate taxation for the LLC if you are the only owner of the single-member LLC that owns the real estate; instead, the LLC's gains or losses "pass through" to your personal tax return.

A lot of older low income single tenants I've noticed are eligible for things like SNAP and a variety of other government benefits which at least in my locale can be given to them much faster than they can be gotten to the front of a section 8 waiting list or senior housing waitlist.   

I’m a new real estate investor interested in single family flips (to start) and I’m searching for not just a partner, but the right partner, and by that I mean someone with integrity and honesty who is in a financial position to help me quickly make deals happen.

I am looking to have my agent go see a single family property. 

There are also a lot of great companies that don't put their products on those platforms, so there is something to be said for working with an agent rather than DIY.

Purchase price: $250,000 Cash invested: $500,000 Single Family Home with detached ADU.