Hello, I think it’s really awesome that you’re just now beginning and you are already coming to the forums to learn so the first thing you need to do is to continue to stay on the forms and you also need to be reading all of the bigger pocketbook and start listening to their podcast to soak up as much knowledge as you can and as long as you do that, you will have all the knowledge you need to start and regarding your question I do not advise to buy a single-family house just to live in it without a rental property aspect so it’s OK if you want to live in the house as well but you will have to either get a multifamily property or you could also buy a single-family home and rent out the other rooms  now see when you have a property that you use just for your family then you have to pay the mortgage every month which is building your equity, but that responsibility is solely on you whereas if it has some sort of rental property aspect, there will be other people helping you build that equity if you were to buy a property just for yourself that is something that will be taking money out of your pocket every month while as a rental property if you buy right will be putting money in your pocket every month the only exception to what I just said is if you buy a property for yourself or just for your family to live in, you could do a live-in flip to where as you’re living in the property you rehab it while your living there and if you buy right with enough knowledge, then when you turn around to sell the property, you will make profit

Just to give you an example of the type of thing you'd be potentially looking out for, if the community has a pool terrace planned and it's orientation in the new building would face directly towards your property, that could be a source of significant noise and disturbance for you/your tenants, and could make it much harder to sell your property once the new building is built and occupied.On the positive side, new apartment buildings cost millions of dollars to develop and build, and developers really only sink that much money into areas where they're forecasting rent growth and property appreciation for their investment.  

I actually used Rental, BRRRR and Fix & Flip.

He says he doesn't have to pay us capital expenses because we didn't actually pay that, the previous owner did.

It may actually be a selling point as the back 40, so to speak, is against a huge plot of private hunting land that won't ever be developed because of the topography. 

DM the complex.You need:Condo certificate filled out, master insurance policy declarations page, budget, by laws, contact email for HOA manager who answers, borrower with 43% back end ratio, borrower middle FICO 670+, borrower with 2 years same income stream, the money in the bank past 60 daysthen it's easy to choose the best lender.

I do commercial real estate lending, but mainly bank alternative programs and private money.

You only lose your money if you sell when it is down.

My preference is to always hold onto a property unless you are very, very certain you can invest the money somewhere else and make a better return.

I'm sure he's expecting me to come back and negotiate something more but we are both very new at this and I have no idea what would be an appropriate value for the risk and the time my money would be tied up in this.