@Joseph Vu, yes ideally that is the type of property that I would like to get.

The management company charges fees which is deducted on my schedule E, under management fees, and I wrote up a benefit plan for the C Corp to cover my health insurance as well as co-pays and other expenses not covered by insurance.

It does sound like if you're not able or willing to have a fully self financed cash transaction, you would probably qualify for a decent traditional loan product that would keep you on the legal side of things- which is ideal for beginning your REI journey! 

Ideally, if you can househack with roommates would be good or buy something with a basement that you can finish and Airbnb.

They wanted to talk to me in person because they probably didn't feel comfortable asking over the e-mail (or maybe didn't have electronic copies of the forms).

Ideally, we'd live in the home (Santa Clara/SJ area) for at least 2 years and then rent it out.House-hacking is our plan A, but assuming it is too hard to find a deal in the area we're looking, which option would you choose, or is there a better way to use our cash?      

You can wait for an expert like Dave F or Bill E to chime in but I BELIEVE both will result in the same capital gains tax on $100k.

No cash out of your pocket is the ideal situation.

Anyone out there that has invested as a LP with Southpoint Financial I would love to hear from you either in here or privately via messaging.The main GPs are James Willis and E.

A little background to myself:- I am in my last year of school- I am an Apprentice Plumber (Commercial)- I work on some things to do with E-Commerce and Stocks/Crypto- I love playing sports and going to the gymMy main goal for my life is to have financial freedom as we most do but for me travelling and experiencing the wonders this world has to offer really drives me.