This is concerning a property we have under contract in Minnesota.  

This is concerning a property we have under contract in Minnesota.

I got your post mixed up with another post concerning LVT

House hacking a multifamily seems like a great idea, but in the Boston area, with the 5% I can put down, I'm concerned about cash flow once I move out, not even mentioning the lack of inventory right now.

Also, the real estate agent I am working with thinks that those properties are in upcoming neighborhoods. my concern is that how can I validate that a property is indeed in an upcoming neighborhood when USA.com shows a negative growth rate?

I would like to invest somewhere closer to home if it makes sense as far as my goals are concerned.

My concern is that the funds are exact (tax protected account) and I couldn’t add more easily so there isn’t much if something goes sideways.

If so and you are the middle man in the deal, the only paperwork you need to be concerned with would be a memorandum of the option, and that would be recorded with the county.

@Sam Raj   Your concerns are valid and although you seem to be asking a question, I think you have answered your question perfectly....Taxes should be based on market value....so plan to pay on what you paid. 

Just be sure to set clear expectations so they know you have a business to run.Feel free to reach out to me personally if you have any other questions or concerns!