Think long term, delay gratification, and buy the property you want to own the most 10 years from now.

Would prefer longer term loan 60 months or so but can do short term also ie 12-24 months.

They want to start out wholesaling in their spare time to build capital to buy long term rentals. 

Unless the foreclosing party still retains title, then the redemption amount is the loan Total Payoff.  

Do not put rental properties in an S Corp.Generally, you should have an S Corp for flips, property management operations, commissions and any other activities that generate ordinary income.Passive investments should be held in pass-through entities like partnerships.I'm not an accountant, but I have clients and personally had to pay taxes to move long-term holds out of S Corps just to change title (e.g. for refinancing).

A primary home is not an investment, as it's not producing you any return other than appreciation which you have access to only selling or taking out loan.

@Kushal Shah, I'm a mortgage broker based in CA that does residential and investor loans.

Hi all, I'm buying a new construction via a 1031 exchange as a long term investment property. 

Start by reminding everyone of the terms of the lease specifically parking and guests. 

Does anyone know of short term rental rules/regulations in Birmingham, Montgomery, Millbrook?