I do like the thought of the 50% phantom loan, but not the idea of the 3 year occupancy requirement.Anyone with experience or knowledge that can shed some light?

Hi Everyone,I need help from the Experts on this idea>>>>>>>I would like your advise!!!

I would love to hear everyone’s knowledge about multi-family investing as well!

@David OlsonI am in no way an expert at this but I believe when you are making a cash purchase the main team players are:Attorneys, Title Company, Inspector and Appraiser (occasionally)Attorneys: Using legalese to get the purchase contract in writing Title Company: Perform due diligence to make sure there are no liens against the propertyInspector: You already covered thatAppraiser: To determine the price of the property at its current state and after repair value.

The lender suddenly came across the knowledge that the father/cosigner retires officially two days before close of the sale. 

The lender suddenly came across the knowledge that the father/cosigner retires officially two days before close of the sale. 

Not just on paper, do couple deals first.Then connect with a tax expert to discuss the best setup for your next phase, as @Jana Cain suggested.For now - keep your LLC as is, a sole proprietorship.

I am currently on an extension from last year and am hoping to talk to someone who is knowledgeable specifically with filing taxes for real estate investors and can actually give some insight on how to set up for the future.I am also looking for a real estate attorney who can guide me on how to properly set up my companies, legalities etc.

I'm hoping to bridge my theoretical and macro-level knowledge with the real colour and nuance that comes from being a hand's on and active investor and owner. 

Align yourself with expert people with doing 0.001% deals and you will be ok in a correction.