Selling the rentals via installment sales could also spread out tax liability.This post does not create a CPA-Client relationship.

I’m getting re-acquainted with the BP community after purchasing my first house hack in the Pittsburgh area, and would love to make some connections with other like-minded young professionals and investors in the area.And if there’s anyone out there who’s just getting started and looking to make the jump to buy their first property, I’d love to offer up advice, share my network of contractors in the area, and answer any questions that I can from my experience over the last 6 months!

With your income, you may qualify for an FHA loan with a smaller down payment, but buying now could limit your borrowing power and increase monthly payments.

Meaning that the owner of the property will have a property and license to rent out these 8 units individually per day or months. 

If you can get over $2500 per month in Jacksonville on a 300K property, good luck, but if you can, that loan is out there. 

Michelle you are months away from closing .1st you need a realtor and get deal, everything else is easy,Good luck   Hi Bob, I am not looking to close on any properties right now.

@TJ Dittmar What would something like that rent for per month, $1,800?

Quote from @Diana Mulvihill: Hi all,Looking for some advice, please.I started my STR about six months ago, and it’s been going great.

That monthly surplus almost makes it a no-brainer to go for MTR.

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