This is easier to achieve for short term rentals, and a bit tougher for long term rentals - but I've been getting close for LTRs as of late (closer to 7-8% for LTRs).

In terms of maintenance cost and liability the PB Court is a no brainer.

We dont deal with one off JV folks we only look for those that I can establish long term repeatable business with.

Primarily when downsizing they question your occupancy intent (Claiming primary residence on a fixer upper for favorable LTV terms, with intent to convert to an investment in the short term) but everything can be worked out with proper documentation.

@Levi Collins i can run it by my hard money if you would like. not sure if that fits in the box but happy to ask. if you can send additional details, please do!

We used traditional residential financing and are prohibited by the terms of our mortgage from moving the properties into an LLC.

I understand Craigslist is one of them, but could you specify what terms or categories you search for to find these opportunities?

There are many ways to avoid taxes, so nobody can give you a complete answer without knowing your entire tax situation.If your only taxable item was selling this condo, you would owe long-term capital gains on the $150,000 plus ordinary income on depreciation recapture.

Can you share more details?

Not only that, the borrower got a pre-approved term sheet for $750,000 from a lender to refinance the property!!!