Hi, there. Some partners and I are looking to acquire a run-down motel, renovate it and repurpose as more of a modern lodging experience.For context, my background to date has been in buy/hold SFHs and a duplex STR.Wh...

I sold my vehicle to come up with the 3% to purchase home with a FHA loan.

In disputes, it's most common for the buyer and seller to split the EMD 50/50, but that's not carved in stone.The seller's agent and agency do not have the legal authority to disperse EMD funds without a written agreement from both parties.The bottom line is that it depends on the precise terminology of the offer.  

Keisha, you can't hardly buy a used vehicle for $1,000 but that just means you have to be creative!

Favorable credit history of atleast 550, no evictions in last 5 years, good references from previous landlords for last 5 years and no repossessions (vehicle, property, etc) in last 5 years.

@Jai Rijh LLC is a liability vehicle first and foremost.

If your LLC is a disregarded entity for tax purposes, then you personally are actually the tax-paying entity performing the transaction - choosing to wrap it in a disregarded entity is optional at this point.3) In order to purchase or dispose of 1031 property fractionally, the umbrella entity must be a vehicle that permits this.

Employers or businesses that require travel will be paying your housing, so in that case it is easy to determine if your housing situation is required or voluntary.Occupancy is your drivers license address, your tax address, your employers address for you, where you get mail, where all property bills are sent, where your vehicles are registered, where you sleep when not traveling for work or vacation, where your bed is and where your clothes are.

If you're unable/unwilling to do that, then you should consider a different investment vehicle that meets your needs.

The tenants have four vehicles so one of the vehicles has been parked in front of the house in a general open area/extension of the driveway during the evenings (when everyone is home).