I would advise your nephew to also carry good insurance for his car (liability), in addition to an umbrella policy.

Here are some of the goals I'm planning to achieve in the next year: - Purchase additional multifamily properties - 30 units +- Start a syndication to purchase additional properties- Grow my social media presence for real estate purposes- Look into buying land and developing multifamily projects- Interested in investing or starting property management companyIf your interests or goals align with any of the above, please reach out.

In addition, investors may also seek out of state markets because their state is not landlord-friendly or the taxes are extremely high where they're from. 

When I imagine how I'd start out, naturally, I am thinking about acquiring a local property - probably a single family home because the multi-family units are out of my price range (for now). 

I've been deliberating over the same issue (long-term rentals vs. medium-term rentals) and am inclined to invest the extra effort to manage a medium-term rental, given the appealing additional cash flow it promises.

This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.

Some may have been acquired for cash or haul-away, without paperwork.

Additionally, there have been no negative repercussions of this yet so why are you creating a problem out of nothing? 

Able to get the seller to agreed to knock down another $10g, in addition to the repairs and inspection fees.

Additionally, I added a new boiler, installed air conditioning mini splits, and refinished the original hardwood flooring throughout the house.