We are officially under contract for our first property - a SFH in what I would gets is a B-C type of neighborhood.

Share your expertise in off-market acquisitions and contracting to help others and build relationships.Best of luck on acquiring your first building and evolving as an investor!

He lives a standard young professional life, so no damage or issues have come up in the past 3 years that could break any lease terms. 

I understand there’s some nuance state-to-state in terms of deed of trust usage vs. using a mortgage for the second lien position (our investor in this case).So that we can arm ourselves with the most knowledge going into discussions, could anyone advise what the setup process actually looks like here?

Louis may not experience rapid appreciation like some coastal cities, it has shown consistent and steady growth, which is favorable for long-term investments.Diversification: Investing in a different market can diversify your real estate portfolio, reducing risk.Considerations:Neighborhood Research: Research neighborhoods thoroughly.

Consider paying down the high-interest debt strategically if it outweighs the potential returns from new investments.Additionally, understanding Real Estate Professional Status (REPS) and Short-Term Rental (STR) tax savings can significantly reduce your tax bill while building your portfolio, enhancing your overall financial strategy.

Some of these take months or even up to a year to get into contract.

A slight slowdown in terms of prices and days on market but inventory remains very tight (1 month).Sales - Months of SupplyThere is one month of supply for our target property profile.

So, do a land contract instead.

.), you can legally pay a referral fee on a commercial mortgage loan, as long as the referring source does nothing more than call you with a name and phone number of a prospective borrower.However, if the referral source — say, a commercial real estate broker — starts to negotiate terms (rate, points, term, etc.), then he is working as a commercial mortgage broker.