I understand that the IRS requires the properties be for investment, but since they were gifted, I'm not sure what they would look at to determine.   

Investment Info:Single-family residence buy & hold investment.

According to market data, the volume of mezzanine and preferred equity investments in commercial real estate has increased as traditional lenders pull back due to higher risk and regulatory constraints.

With election uncertainty and changing economic conditions, there is potential for further shifts in the market as we move into 2025​(Nest Realty)​(Garretts Realty).For those considering investing, it's worth noting that Louisville's rental market remains strong, particularly for multifamily properties, where rent prices have increased 5.1% year-over-year, outperforming national averages​(Nest Realty).Lot's of cool things happening in the area!

What about 80% on an investment property? 

Have you ever considered investing outside of the Seattle or Washington area?

Given our higher insurance costs (usually 0.7% to 1.0% of purchase price as a rough guide -$291/mo on low end) and property taxes (typically between 0.5% and 0.7% of purchase price as a rough estimate -$208/mo on low end) that leaves only $1489 for Principle and Interest.

When I return, I will finally take the plunge into RE investing. 

The challenges stem from cautious equity investment and local opposition to these developments, which are believed to attract large families with school-age children.

Considering how crazy the real estate market is here in Florida, I've been evaluating alternate means of sourcing potential investment properties, one of those being tax deed sales.