@Alex Sanchez Don't get so caught up in all the "business" portions of the job or you will just kick tires and never find a deal.

If all goes well, I hope to rent out my portion to a new tenant and keep the building for at least 5 years to one day sell tax free.

Your guidance and support will play a vital role in helping me build a solid foundation and set myself up for long-term success in real estate investing.If you are interested in connecting or have any recommendations to offer, please reply to this post and we will figure out a way to connect.

I used a 90% LTV HELOC on my primary residence to help fund the 20% down, and paid cash for the rehab, ended up refinancing with the same credit union to pay back the heloc funds and a portion of rehab and other costs (see more in outcomes section).

Also, that portion is a VERY small part of her work day, so its more or less just a time-filler and piggybacking on other tasks.

The seller will have to recognize a portion of the capital gain and depreciation recapture but it will be proportional to the down payment instead of the gain and recapture on the full sales price.If you can help the seller understand this opportunity, you will have an advantage over other buyers. 

@Eric B. most of HML would require the investor to have skin in the game, only lend portion of the price (75-90%).

Capitalize the NOI related exclusively to the lot rent portion of your operating income.  

Someone said you can check the state vital records.

I understand you have to fill out 1099-R but which portion do I have to fill out?