If and when you buy the building, if there's any leases that have run month-to-month I would have the tenants fill out applications, requalify them and execute new leases with them.

We have 33 public elementary schools which create neighborhood groups, and some are buying for neighborhood, and others are buying to rent to section 8. 

It all sounds good it really comes down to the attorney you have to structure it in a way that allows for greatest flexibility in case you know what hits the fans.I had that happen a few years ago in an equity deal and we had the other partner buy us out of the deal because it was taking a lot longer than they anticipated.

All additional insight s are welcomed and much appreciated BK Hello, I Know many from around the world that have been buying there for many years.

Even for window AC's, pulling them out and thoroughly washing them at least annually will prolong their life, unless you are buying the very cheapest units.

I feel the value of this condo is at its peak considering the market.Are there any legal exceptions for the 121 home sales exclusion if I buy another primary residence shortly after the sale to avoid tax?

I usually receive a large bonus from work in late June so July 2025 is my target date to buy my first piece of property, although I realize opportunities may arise before then. 

In terms of the loan(s), I currently have a steady and competitive W2 job and very low DTI, however I’ll ensure to verify the rules and regulations for rental income when shopping lenders, so I don’t hit a roadblock when buying the next rental. 

Pay off student loans Spend more time with family Pay off car 2-3 fix and flips per year 5 buy and holds by end of year 5 (can be SFR or MFR) LONG TERM (5-10 yrs.)

Investment Info:Condo buy & hold investment.