We could take the money and apply some of it towards our personal residence to reduce the time required on the loan but there would still be a sizable amount of loan so it really wouldn't make a huge difference in terms of the length of the loan...not a great idea.  2).

Hi all,  I don't know how long or short to make this, but I just wanted to introduce myself and my wife Heather.  

The bitcoin strategy (short term) has been magnificent.

First unit lease is up for renewal on 10/31/2024 and has a good long term tenant.

Total cost significantly below their current monthly rent.3- If you have to 'give them' to the current tenant to get them off your books then do if it makes sense long term.  4- Don't do purchase contracts longer than 18   months. 

Hi Mohammad-My pleasure and thank you for the follow-up question.I think you are in a great position and wise to be thinking about real estate investing as one of the vehicles to not only create passive income streams but offset your W-2 income.One of the strategies I see the doctors doing that I work with is purchasing short term rentals as they are more actively managed and it helps them be seen as a real estate professional for tax purposes based on the number of hours they are working in their real estate business which helps offset their W-2 income.

Madison has pretty strict short term rental rules if you don't live at the property, so mid term furnished rentals is a strategy I have seen done here. 

By direct message I have sent you some info in the event your solution has not yet been found.Much Success !

If you’re going to jump into real estate, I would highly encourage you to take is serious which means that you would need to dedicate time in learning and effort and connect with successful operators over time in order to be successful.

Jaime Yes, I've had a lot of good success with it for gathering comps.