So right now our STR is mostly just communication with guests and occasional property visit if there is any issues.

I just recently helped him get his GC license so finding a contractor is not an issue.

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

I was recently laid off from my job and have three issues: 1) No way to get a conventional mortgage 2) Need a place to live, and an advantage: sizeable savings on stock, bonds.I want to start investing in RE (ideally multifamilys), but for now I want to start small: buy a condo to live in, and [whenever I buy a multifamily I could move to] rent it.I would like to evaluate my high-level strategy, and get your comments:* [Soon] Get a "securities line of credit" worth around 15% of my savings.

As of right now, there are 3 existing permitted structures: main house, detached garage in front (600 sq ft), and huge 2-story detached storage unit in back (2400 sq ft).

This includes collecting rent, handling maintenance requests, and addressing any issues that arise.Financial Benefits: Renting out the basement can help offset your mortgage payments and other expenses associated with homeownership.

@Joseph McElmeelHey JosephThe fha has a lending requirement for fourplexes that could cause you issues and that is the self sufficiency test.

It is not illegal to cash a check issued to your name, in the case of the accounting firm.

Location is no longer an issue, you may contact them directly. 

@Jen BreyslerThis post answers your question if you scroll down through comments to my reply:https://www.biggerpockets.com/forums/51-tax-legal-issues-con...