Hey Jacob, most if not all residential lenders(1-4units) offering financing via conventional/FHA or other loan products will want you to occupy the property for 12 months as part of the “primary residence” requirement for that loan down payment.

It is a deal that literally fell in my lap.

I now have a P&L report for each property in QB, then I export the report directly into Excel via the export function.

This one sort of fell in our lap.

It allows you to quickly take ownership of the borrower’s ownership entity via a UCC filing.

Have you secured any properties via the auction method?

I’d like to create boundaries and manage it as if I am the property manager, not the owner occupant.

If you purchase via an IRA (as opposed to a 401k), you will need to open an IRA account at a specialty trust company which allows for investments in real estate.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris fraud and/or Morris Invest fraud for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

I am on an income based repayment plan for student loans, and at this point, I would heavily prefer to minimize payments via minimization of AGI and focus on investing.