Account Closed My loan officer said when using a conventional loan on a property it must become your primary residence.

That’s because the sticker price will no longer come with steep commissions that are typically automatically accounted for...IMHO, this makes no sense.

If you are ready for a C corp, you should reach out to an accountant to take care of this for you.

Based on what you're describing, I think your going-in criteria is definitely something that is strong *however* your goals may not match what current market reality is.When you say $3200/month payment - do you mean $3200/month before or after accounting for potential future rental income from your tenants in the other units? 

The more I'm involved w/ larger investors who have been around the block, the more I understand why they're willing to take a lower return for less headache. 

His primary home is also in it's own revocable trust.I don't believe he has any asset in his own name, everything in separate trusts.I believe on each trust he is the trustee with his son as the first named beneficiary.He also carries A LOT of insurance, uses a top property management company and all of his properties are in higher-end areas.I was curious, if he's involved in a lawsuit related to one of his properties - I know the trustee has to be identified and usually the target of the suit, but are the properties in his other separate trusts protected.

Quote from Account Closed: Quote from @Vasudev Kirs: Hello,I have been looking for single-family/multi-family for investment for past few months but having no luck. 1.

If i have a triplex and receive the tenants security deposits.. do i need to open 3 separate interest accounts with the tenants information? 

Furthermore if my accountant wont allow the deduction I will find another one. 

I just made my BiggerPockets account today!