Also, what I meant was I am looking into using business funding NOT business credit.I just want to assist my partner in some additional funds to rehab the property under a conventional or 203k loan (light work not an entire rehab since there are two types of 203k loans) instead of going to hard money lender because we plan on living in it for a year under and then selling it.

I have a property ideal for conversion into a triplex with minimal renovation required.

And now she wants to drop the entire thing for the next year or two or more.I've wanted to own a rental since I was a teenage, our home has had all the major repairs and upgrades, it's move-in ready at this point.The ideal situation for me is to buy a second home in the next few months, @ ~7%, get into our home before summer, interest rates drop over the next year or 2, house appreciates, we make out like bandits in equity and then if it makes sense we refinance to a lower interest rate.

I have two condos now, and looking to invest about 250k in a new property. ideally, i like the steady stream of renting vs short term rentals. 

Hey Nathan, Most portfolio lenders will want to see that the properties are in the same location and are the same property type.

These types of things are becoming more and more common in cities throughout the United States.

DSTs function as investment vehicles that hold ownership of income-generating properties, granting investors fractional ownership in various types of commercial real estate such as apartments, self-storage facilities, build-for-rent properties, and NNN (triple net lease) properties.

What made you interested in investing in this type of deal?

Now I do want to throw what my guess is out there, which is since he sold the property last year he is now buying into the LLC which owns the property, he cannot take his old basis or use this type of exemption.

. ($20k land and $100k building)Over 13 years you depreciate about $50k.You sell for $200k net and buy a $500k property ($400k building $100k land)You bought $300k more building and have $50k left from first property so your new basis for depreciation is $350k that you depreciate over 27.5 years.Now that I type it out, an easier way to get to this answer would be just take the new building value and subtract your total depreciation taken so far and that’s your answer. ($400k new building minus $50k taken already equals $350k)