On the other hand, have you thought about going in as an LP on a syndicate so you can see how the process on larger multifamily works, how they analyzed and underwrote the deal, how and what type of financing they got, due physical due diligence with them, raising capital, closing, and ultimately hiring a PM company to reach your objectives.

Deshone - your rehab costs will depend on the physical condition of the property.

So you need to think about a small business loan as much (or more than) just buying the physical property.

I found a great cloud-based brokerage that will allow me to train without physically being in the office taking leave from my military position.I think about finding a brokerage like going shoe shopping.

They are about $40 bucks for the twin double pack for the unitIf you can afford it and want to go one step further, you can use the "smartkey" type locks so you do not have to physically change the locks.

Is the person maybe asking if the building can by physically modified because based on units alone the lot and zoning district are not the issue."

That said, he is now in a position where he can’t physically work but is going stir crazy from having so much time on his hands and is not drawing anywhere near his old salary.

The straight A physics student from Princeton is not going to be throwing house parties, and if he does, his parents will be able to pay for the damages.Those are just my thoughts.

At that point, you will have two separate properties listed on your sched E for the same physical property.If you did it this way, Turbo tax will not split the expenses 50-50.

If it's in your own market, then A) you know the area, B) you can self-manage, C) if something does happen, you are there physically, and D) you gain the experience and know-how from actually being present and doing it yourself to gain confidence in then expanding your portfolio.Even better, is if you currently own your primary residence, move into a new primary, and keep your current one as a rental.