I did all my other due diligence like asking for paystubs, W2s, Tax returns, Employment verification, bank statements etc etc and did not see any red flags overall.

If it was 20 years ago and they had the same name, its gonna be an uphill battle to go back now after someone has been paying taxes on a property and probably upgraded it during that time.

It will build your wealth and save you alot on taxes when incorporating the BRRRR strategy in your investing side of real estate!

That said, I live in Texas, and I have found that the property taxes and insurance are prohibitively high to make a short term rental work here.

To minimize taxes, consider the following strategies:1031 Exchange Before Dissolution – The corporation could complete a like-kind exchange, allowing investors to roll their ownership into individual properties while deferring capital gains tax.

So yeah I am currently learning alot on how to "equity stack" as Kai calls it on deals, bascially multiple streams of income from 1 deal.cheers yall!

Once you retire the title and place a mobile home on its own lot then our county taxes as real property and we pay property taxes like a stick built home vs a mobile home in a mobile home park which is taxed like a car - vehicle tag.4. 

This will generate a pile of extra income that you can utilize for the next one.  

If you're interested in seeing how that all breaks down from an income and expense standpoint, I created this Sankey diagram to share with you:As for me, I'm planning to leave my w-2 job and take a little career break before deciding what's next for me. 

One good thing about building a 2-4 unit as a primary is you less money down and you can use the other units as income to help build a more expensive home.FHA allows for a higher loan amount as you get into the 2, 3 and 4 unit homes and its still only 3.5% down.