Bought one, leased it to the buyer for 90 days (deed restriction) then sold it to them.Worked out well!

In some locations there are restrictions on this. 4) Dividing out utilities between units so they can be billed separately. 5) Renting out garages and parking separately and independently.

I would be looking at a SFR versus a condo, so no HOA or CCC type restrictions to worry about.Thanks in advance for any input!

I do my own deals and the licence really restricts what I can and can not do- say etc...It is not about the money really, giving up 5 or 6% of a deal is fine with me...

Depending on any restrictions, etc. some of those properties can be used to produce solid cash flow as vacation rentals, etc.This is a case where the devil is in the details.

Assessed value are usually done in one of two ways, from past sales that are recorded and the state/county/whatever imposes an inflation rate and/or the are done on a block survey method, using the sq. ft. and values of the area and making adjustments.For investment purposes, when buying you can argue the assessed value as a negotiation point making the seller come up with a defense to the asking price, but, assessed values do not reflect current market values which is what an investor needs to be looking at, the assessed value has no bearing on market values.

And I suggest you review dog restrictions from several other insurers to be sure that you aren't screwed if you need to change your insurer.I would just say no due to insurance reasons.

The limit on Roth contribution in Solo 401k is up to $23,000 (compared to $6,500 in Roth IRA) and there is no income restriction on contributions unlike with Roth IRA.

You will be restricted to a conventional mortgage with a high down payment, not to mention a higher interest rate.Properties with more than four units are considered commercial properties and do not qualify for conventional or government-backed financing such as FHA or VA loans.How to Finance a 2-4 Unit PropertyYour next step is to identify the proper financing for your property.

As I said, the high bids have been great deals but they never get selected as "winning bid" due to reserve restrictions and it kind of discourages you.