Join me at The Sloan's Lake House Hacking Meetup https://meetu.ps/e/KtKly/PFlmT/i

(Not interested in Fanny/Freddy as I don’t currently have a KP/would not meet Net worth or Liquidity requirements, I have no track record, would prefer to have improvement funds included, and plan to stay under 1MM for first property.) 

My R/E agent has been pushing me to sell the property b/c he says the market is hot, rates are low, and demand is high.They suggested an ask price of 2.7mm. 

Also, buyer's were informed by their lender that their loan is about to expire so they would have to be approved once again.Buyer has 3 little girls all in grade school so you can imagine the stress and inconvenience this has caused them. 

It's great to network with people who are already operating in the 5+ Unit space, having said that I live and invest in your market, and would love to connect with you as well and help out anyway I can.We will be posting our event soon, to stay in the loop feel free to join my e-mail list here to get first updates on all future events: http://eepurl.com/hLdwBz

@Michael E.

HiI have W2 income and short term rental income reported on Schedule E.

I ran an application with a hard money lender and they want me to have 60K liquidity for down payment, carrying and closing costs. 

Most military members (and most people in general) don't have 40-50k liquid to put down a big EMD like that, but that's a great tactic for folks that do.

You can add an LLC or S-Corp later.A single member LLC and an S-Corp can be included on Schedule E of your personal return.