Quote from @Crawford Peay: Hey just wanted to jump on here and introduce myself My name is Crawford Peay, I am located in Memphis TNI help investors buy and sell properties along with managing their portfolios in Memphis and the surronding area!  

Investment Info:Small multi-family (2-4 units) buy & hold investment.

If they buy something for your property and you pay them back, it’s just like you bought it yourself—so you can count it as an expense in your bookkeeping.If they don’t get reimbursed, then technically it’s a gift/donation, and you can’t deduct it as an expense.

don't be afraid of better markets in ohio like columbus. depending on the capital allocation buying old houses and having to renovate is not the only way to drive value. build rent refinance repeat and build to rent are both very strong market drivers as well and you can traditionally get infill land in areas like columbus in much better locations than where you buy.

It's great to hear about your success with this multi-family buy-and-hold investment.

Thus, if the IRA buys a property with a mortgage, any income generated (rental, sale) could be subject to Unrelated Debt-Financed Income (UDFI).

I work with a ton of new investors as a realtor the #1 way to get started is just find a 2-4 unit in decent shape and buy it low down with conventional financing 5-10% then you can live in it for a year and do another next year.

You may be declined for not being an owner occupant, but it will still buy a little more time.

I don't see any solutions to those issues, because HOAs have to buy their own insurance and maintain their own infrastructure. 

Would it be better to buy with a Land Trust?