My point is that if skyscrapers is your niche of choice, don't expect to close many deals.

As a practical matter, you might be able to get around it by including a jurisdiction/choice-of-forum clause in your loan documents.

Because his expenses excluded management and other necessary fees, his NOI I ended up looking larger then it really is.I also completely agree about what people are buying.

My dad brings a lot of experience to the table when it comes to renovating a house so I’ll just have to make a choice

That being said, be careful because if things went south, it could result in a major penalty Might have been better to post a hypothetical question and a faux story to get the answerFHA loans are owner occupied, 5% down also likely owner occupied - read the contract Once you have 20%-25% equity in, you can refinance and go conventional I can't recommend either way for you, but I can say others have done itOnce your loan is conventional, I'd say you've got very little to worry about - the choice is yours

It certainly makes it difficult to get into those, as (if you're like me) you are financing and can't risk a zero condition offer.Flipping in Smiths Falls I think would be a good choice.

Commercial - I'm thinking retail, office, or larger multis- More risk since there is a higher cost of acquisition and dollar amount needed to get started.

Gilbert from 1st choice drywall - tell him I sent ya

SFH people are living paycheck to paycheck and I don't really want to do business with these types of people.I would rather go into larger deals as a LP.

If your number of assets is getting larger you may want to have a discussion with the attorney about an estate planning aspect, for example it may make sense to have ownership of the properties in some kind of trust, but if you don't have many assets (or dependents) then maybe it's premature at this point.As far as filing to create the LLC, my usual advice is, if this is your first time, use an attorney and pay attention to what s/he does.