If he opts to buy the property, rent paid during the lease period is applied toward the purchase price.Because owner financing can be complex, we recommend working with a licensed attorney who will consider your best interests when drafting the necessary documents.Good luck!

A local condo that you can easily check on might be a good way to learn the ropes of being a landlord without adding the complexity of long-distance management.Out-of-state investing, especially in areas prone to natural disasters like hurricanes, comes with additional risks.

Also, after 6 months like you said, I believe you could easily get a cash out Refinance with a DSCR option that would be in the 5% rate as well.If the owner is not interested in Owner Financing, as long as this a 1-4 unit complex, we could get you financed at 80% of purchase, 100% rehab at 11.25% Interest only, I may be able to go as high as 90% of the purchase, but I would need additional information.

Property is versatile posied pretty well for STR’s and long term hold I feel given the location.The investor group seems to be streamlining into new construction and flipping / selling from what I gather (lots of properties on market now and new construction projects in development, I think the selling agent mentioned they had 400+ SFH in portfolio currently they are trying to sell off and transition more so into new construction and large scale apartment complexes) and have own separate businesses in the HVAC / Roofing / flooring world etc.I think my take away here is that I need to get my hands on the previous inspection to see what came up and check it off.

So you'll add a level of complexity and expense for no reason at all.LLC Taxation

Investor Consequences: Complex Compliance: Investors may face more legal complexities and compliance requirements with rent control, leading to higher legal or administrative costs.

Hi All,I moved down to Houston back in January of 2022, and have been living in the same apartment complex for the last 2 years now, but looking to finally buy my first house and want to implement househack strategy.

Its a complex and large MSA

4- The more I learn about REPS and its complexities (mostly in the material participation part and the time log part), the more I get discourage to use the above strategy to offset my W-2.

However, I don't want to introduce additional complexity about paperwork and confusion on banking and accounting.