Hi all,I purchased a two-unit home a few years ago as my primary residence with a conventional loan, and was told by an accountant that there is no reporting or extra tax forms I need to file as long as my tenant in the upstairs unit is paying less than the total of my mortgage.

I will be paying cash for my 1st property. 

The statement is that the tenant has been in the property for five years and always pays the rent on schedule.

If your rent would be somewhere closer to 1% of the replacement value, the long term capex picture would look differently, but that's obviously not realistic in the Walker Square area.I know this is not what you want to hear, but case in point at one of our workshops I had an investor who has owned a sizeable D-class portfolio for almost 40 years, self-managed, self-repaired, re-leveraged to pay for capex - and he said he has basically nothing to show for in terms of retirement, so he has to keep working it.Food for thought.

Does anybody know of any grants given to property investors where you don’t have to pay back?

I see that there’s a bunch of websites out that do that but you have to pay for the search and are they a legitimate site?

The leases are typically for the tenant to pay maintenance, not for them to cover capital expenditures.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

We do not want to be a lender or have our name taken off the title unless they can pay the “due on sale” mortgage. 

You have to know how to find and sign properties ahead of getting access to those buyers.You do want to do both at the same time so that when you have your first deal, you know someone, but don't expect anyone to pay attention to you if you don't have 4-5 deals at all times.