We will live in one of the units and rent out the other(s).I became extremely interested in real estate investing in 2023, and with the help of my dad I actually purchased an out of state single-family investment property in Northwest Arkansas that is set to close in a couple weeks.

In order to obtain homes in a competitive market, be open to investigating various financing options.Off-Market Deals: Take the initiative to look for off-market deals by using internet resources, direct mail campaigns, or money-driven searches to locate motivated sellers who might be willing to sell their homes for less than market value.In the end, success in the SLC real estate market comes from perseverance, understanding the market, and being flexible enough to adjust to shifting circumstances.

Yes the concept does need some adjustments and even several pivots but there are a few concepts out there already that are similar.

The forums are a great place to read about whats going on in your local market as well as read up on topics of interest.I'd recommend setting up keyword alerts to receive notifications anytime a topic/area of interest in mentioned.I would also take some time to complete your BP profile.

how can set up this whole system (MTR) while being out of state?

Thus, we do not even set up loans with new clients for new construction, unless they partner up with a builder that has financial experience with new construction.

I have income income to off-set some negative months.What do you all think is a better idea?

I recommend you do this annually to adjust for utility increases and other variables.

The denial was based on the following reason:"The proposed use Visitor Accommodations is prohibited in the RM-1 Zoning district per table 14-602-1".At this juncture, it seems my next step is to appeal to the Zoning Board of Adjustments.

I just need some help setting it up for this particular application.