My wife and I are looking to purchase our first duplex / house hack in Patchogue, NY. I found a local lender who offered a pretty interesting product (at least from the standard stuff I've seen)First Time Home OwnersO...

A self-directed IRA or 401k provides some flexibility, but you cannot use the earnings immediately- they would belong to the retirement account which you could draw from later on.

I have many leads that need followed up with that haven't been touched because of lack of time, and I'm doing minimal marketing as of now because the few leads a week that come in, I have trouble getting to them as well.My business is in a stand-still and essentially losing money because I know I've missed out on deals because of either lack of follow up or not calling back new leads right away.I plan on hopefully being able to go part time in the next few months, but in the meantime, how should I handle this?

He can handle your rehab then manage it for you.

If you do this strategy you are there physically to handle any problems yourself as they come up, which is great.

How would you guys handle this situation?

Then buy at a discount because the owner is more motivated to get rid of it, add value through renovation, increase the rent and increase the cashflow significantly.If you do what 99% of real estate investors do, you'll get the results that 99% of real estate investors get.I think with 1,000 apartment units under my belt, I can modestly say I belong to the other 1% :-)

@Wave TaylorI purchased a turnkey 3 family home 10+ years back in a C+ area and even though most of the improvements had been done, there were still a few capital expenditures that had to be handled within the first 7 years.

Too complicated for general use unless you want to have professionals on retainer to handle the details.

@Tim Shapiro Each state is different in how it handles HOAs and the dues that are owed to them.