Anything less than 20% down is going to trigger PMI, and for an investment property, that can be a problem.

Considering pulling the trigger with a quad plex.

Current year results reflect transition to a more attractive tenant base, approval for an additional 6 residents and compliance with certain regulatory requirements.

Multiple property managers within my network have expressed concern around eager out of state investors pulling the trigger on properties far above market value  to later realize that they had overpaid.

Looking forward to pulling the trigger on my first deal by the end of the year and I'm just trying to get as many ducks in a row as I can.

@Monte YoungWhen dealing with the prohibited transaction rules, staying in compliance often requires considering the "spirit" of the law in addition to the "letter" of the law.

kudos for pulling the trigger and getting your first deal done!

@Mike SteffenYou don't need to be a partner in his company to trigger a 1065 obligation.The mere agreement to share profits of a venture might rise to the level of a general partnership and trigger the 1065 obligation. 

But we are having a hard time pulling the trigger on the first property.

I've been wanting to start one for a while now, just haven't pulled the trigger.