And you do a cost seg study, If you plan to hold this property long term does it make sense to do this?

Sometimes control can be more advantageous than ownership.With the terms locked in place my plan was to sublet the lease option.  

I'm just not OK with the specific act of giving up.

Specifically, I'm thinking about getting properties which ideally satisfy the 2% rule or at least are significantly above the 1% rule (ratio of monthly rent to purchase price + renovation cost).Given these goals and the fact that my constraints, I have the following questions:a) Which markets are best to look at ?

I plan to purchase either a distressed MFH, or a distressed SFH with an ADU, a potential ADU conversion (shed, garage, separate suite, etc.), or the potential for sqft to be efficiently added during the rehab (screened porch, carport, concrete patio area, etc.).

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

Plan for it, budget it, or don't get into REI in 2024.

@Louis Siano any there are specific areas that you would recommend investing in in Springfield , MA?

Let me know if you want to plan something.

I plan on replacing the whole house with laminate minus the kitchen.Thanks!