Hello all,I gave priority to buying my primary residence given that I rented for the past few years. However, once I get my own home purchase out the way, the next move is to start building a rental property portfolio...

But my plan is to pay off what’s left to own it free and clear and do seller financing. my plan is to offer 15 or 30 years at a normal rate that someone could get from the bank at time of closing.

It should not matter if they classify it as 'Barney the purple dinosaur' for taxes, the property's comparable sales are other two unit homes that will sell as two unit homes.

While I am not super well versed in the RV park syndication world (although Axia does own a couple within their first fund), in general more and/or higher fees = WORSE for LP.I would love to see more about this deal, but based on a quick scan here: https://www.parksandplaces.com/campgrounds-for-sale/ looks like average pricing is in $5mm range.$5mm PP = $250,000 acquisition fee, let's assume they are raising $2,000,000 in equity for purchase and upgrades, this means acq fee is really 12.5% of equity.Loan Guarantor Fee: $5mm purchase, let's assume $3.5mm loan.  

I am a real estate agent in the Albany area and am closing on my own STR soon.  

Most buy land at tax sale - turn around and sell it seller financing.Look up how to buy at tax sales and learn seller financing.

Close cities for work are Clinton and Elk City.

If I don't need to report, I heard I may get audited at the year of sale.

Try to get as close as you can. 

We are closing on a HELOC on our primary home this week.