I looking to BRRR and long term hold on commercial property (office and retail). 

Purchase price: $575,000 Cash invested: $140,000 I live in the house that I bought it as a long-term investment.

If your goal is for active gains (w2 income and biz income) to be offset by the losses generated from your property, you need to do 100 hours material participation on the short term rental, and it must qualify as a short term rental by being rented out for 7 days or less.

We plan to rent out the basement on a medium-term basis - we are going to install a full kitchen down there, put a lockable door between upstairs and downstairs, fence off a private section of the yard, and there is already laundry down there, so it will essentially be an up-down duplex with a separate walkout basement entrance.

Looking at buying my first piece of property and finally found a condo I like in a great location, under budget but the HOA is stringent on rentals (all leases must be approved by HOA, approval process seems lengthy and min credit score is 700 FICO) should this be a deterrent for me in terms of buying this as rental property?

This if for NJ, do we know what timelines we are looking in terms for payments from the state ?

She said she doesn’t want to be a landlord but has listed 2/6 units for furnished long term rentals to see if she can generate more income than her current STR situation is bringing in.

Lauderdale and I focus on sfh flips and long term rentals

The purpose of my post was to share some marketing methods with investors who are looking for ways to buy houses either at a discount or with favourable financing terms.

An exit strategy is advisable when considering an owner financed transaction with variable terms.