A month post closing, the son of the buyer (mother) has written a "legal" request to have us buy him a new refrigerator.  

Dscr will be useful in the future for fixer uppers and unique buys. 

Going through my real estate journey I have learned a lot, I am 24, a veteran and a graduate from Temple University,I started with aspirations of investing on a property and making a quick flip.My problem lied with fear of failing, my capital and my savings.I decided I wanted to learn the real estate market and know the ins and outs before I would make a bold choice on buying my first real estate home.

So does that mean I can't buy from a related party at all?? 

Congrats on buying an investment property.

.💰 Lease Duration: 3-12 months🎯 Ideal Tenants: Young professionals, digital nomads, students📈 Revenue Potential: +23.2% per sq. ft. over Class A studio rents✅ Pros:✔ Higher rental income than traditional leases✔ Demand is growing due to affordability & flexibility✔ Lower vacancy risk with built-in roommate replacement❌ Cons:✘ Regulatory hurdles in some cities✘ Higher tenant turnover than LTRs✘ Requires active management & community building🔥 Investor Insight:Co-living is an undervalued niche with major growth potential, but you need the right location and strong operational management to succeed.2️⃣ Long-Term Rentals (LTR): The Classic Buy & Hold Strategy📌 What It Is:LTRs are traditional leases (12+ months) where tenants rent an entire unit.

Investment Info:Single-family residence buy & hold investment.

Buying a new one, changing tactics to LTRs, etc etc.

Could happen but very rare. #4 See everything you plan to buy in person. 

Convert the property you are living in now to your second rental, and buy a new home for yourself.