JaNae  stay in contact with @Alex Craig, although he lives in Memphis he picked a good location for his first store in Knoxville - next to the Third Creek Greenway, near West High School and between the University Campus and the new intermural fields on Sutherland.If you want to learn more about KnoxREIA go to the YouTube.com/KnoxREIA channel.

Hello everyone,I currently own one rental, a primary residence and looking to buy a third property (preferably a duplex).

(joint and several, meaning all 3 responsible for full rent on the lease)Lease expires soon and new lease needs to be signed, but 1 guy wants out in the middle of the new term and other 2 say they will find a third and keep paying full rent until they do.

On the other hand, I think that long-lasting relationships are built on deals getting done, and mutual benefits to both parties - not just on contractual commitments to work with someone if something gets found..

In my opinion the house hack is the way to go because once you get it rented you can continue to save for your third property much more quickly!

The interested parties (homeowner, mortgage co or lien holder) have the right to redeem the property all the way up until the tax sale foreclosure case has been completed (Judge signs order).

Buyer has examined the Premises and is relying solely upon such examination with respect to the condition, character and size of the land, improvements and fixtures, if any, constituting the Premises.At Buyer's own cost and expense, Buyer shall obtain and maintain in full force and effect at all times during the continuance of this Contract: (a) comprehensive liability insurance for bodily injury or death to any person or persons, and property damage insurance, in such amounts as Seller reasonably deems necessary; and (b) fire and extended coverage insurance in an amount sufficient to prevent Seller from being a co-insured under said policy of insurance, but in no event less than the unpaid balance due under this Contract.Seller and Buyer shall both be named as insured parties in the insurance policies required above, as their interests appear, Buyer shall furnish Seller with memorandum copies of such insurance policies upon Seller's execution of this Contract.

Some states as you know are really coming down on this .And I suspect all states have the same verbiage in their statutesIE for expectation of compensation when bringing two parties together to buy real estate that a license is required.. "   Just like the mortgage industry.OTher wise why even have a Real estate industry and license.

You'll need a good accountant to help you calculate this annually.Non-recourse lenders generally require a higher down payment, have certain property requirements (must be income producing, etc) and the loans are generally structured as 3 - 5 year ARMS.A third scenario would be your IRA co-investing with someone else as tenants-in-common.  

Basically, the less interaction with the investments, the better.A Checkbook IRA LLC or Solo 401k will put you directly in control of the funds and eliminate the 3rd party layer.