I am closing on a multi-family (3-4 units) buy & hold investment in East Boston.
Purchase price: $969,000Down Payment/ Closing Costs: $113,000I am in the process of buying my first property, using a 2 for 1 buydo...

You can still operate it within the LLC and get rental income on your personal tax return in a few ways. 

Just toured the house today and it was in better condition than I expected.

3) There may be personal use of the property which would mean that you or your partner may not get tax benefits for the share of the unit where you are living in.For a successful partnership, the total partnership should have Experience, Money, Time.What skill set are you bringing and what is your partner bringing?

Mortgage stays in seller's name but is paid by the buyer through a promissory note (aka contract)Mortgage Balance: $102,000 Interest Rate: 4% PITI: $531/monthSELLER FINANCE PORTION: Seller Finance: $300/month to seller for 53 months (4.4 years) = $16,000 Total House Payment: $831/month (PITI + Seller Finance)NOTE about CLOSING and seller: Seller would like to remain in the house until November 12th, 2024.

does the  house have dirt up next to the foundation  keeping  water away from the crawl space ?

@Eric Koelling from the city system development charge for a 5/8” meter $4791, install fee city 8475 and 4500 for the plumber to run from meter to house.

It is to hold the unit for that person and you can charge any amount you like.I'd suggest charging a non-refundable one month of rent and if they sign the lease for August 2025, the holding fee is applied toward the security deposit. 

But I am also cognizant that the PM/HM has taken over that huge slice of the SFR funding in the US  as I do that personally as well !!

“Genius” me agreed to rent a house for them in exchange for fostering a few of my dogs (I run a dog rescue group.)