those are judgment calls to be made in coordination with professionals

So I made an offer on a property that will ultimately be a STR and the sellers countered with a higher ask but bond for deed amortized over 30 w/a 5 year balloon.

Here are a few strategies you might consider:House hacking is the practice of residing in one unit of a multi-unit building while renting out the others in order to pay off your mortgage or bring in extra cash.

Thank you for your replies and thoughts@Randa Dehaan I have spoken to a lender to get things in order, but haven't chosen one that I'm moving forward with yet.

I want to require my renter to purchase renters insurance and add it as a condition of the lease with any damages to the property to be made payable to the home owner if the tenant is responsible for causing the damage with say a fire or unreported leak, etc. 

I don't even know if the below example is in the correct order which is what I am looking for.

Purchase price: $460,000 Single family, purchased near peak market 2022 What made you interested in investing in this type of deal?

If the property contains a residential structure, the former must also pay the value of "preservation improvements" made by the investor, but not additions or upgrades.  

I'm a Dad to Logan 9, Lucas 6, husband to Wendy.I've spent the last 11 years as an entrepreneur in the digital marketing world, primarily focused on physical product eCommerce (I own 2 brands that operate on Etsy and Shopify), and most recently having kinda accidentally built a few 100k social media following as the Carnivore Dad.I’ve been interested in and attracted to real estate for years but I just made excuses that had me staying in my lane of digital marketing, however I'm here now and eager to learn.I settled on Texas as my primary state because I have family here, I love meat, and I’m interested in firearms.

You absolutely need one in place in order to complete a 1031.