I'll be living in one of the units while managing the property, but I don't have much experience in property management.I'd love to hear from experienced investors and property managers:1.

A class garden apartments in a market they live and know extemely well.  

I'm assuming traveling nurses don't know many people in the area and would know someone to live with. 

Also, agree on how the property will be used, who can live there, and under what conditions.Financial Shortfalls: Address what happens if someone can’t meet their obligations.Legal/Professional Fees: Decide how legal and other professional fees related to the purchase and management of the property will be shared.Taxes: Determine how tax benefits will be divided.SummaryMelissa, the time you spend creating a thorough agreement now will save you headaches—and possibly your friendship—later.

His mom lives in Vancouver, Canada.

But today, my husband and I live comfortably, and we’ve traveled to 20 countries over the past few years.I’ve been listening to BiggerPockets since 2013 and was even featured on the Rookie podcast.

Selling to an entity you own and renting from yourself looks like a tax dodge to the IRS, and they’ll likely reject it.Better AlternativesIf you’re looking to maximize deductions, consider more straightforward strategies like:Renting out part of your home (like a basement or room) while still living there.Keeping clear records of home office expenses if you work from home.Investing in other rental properties that aren’t your primary residence.Michael Plaks explained it really well in his response.

We lived in a little apartment above the garage and rented out the main portion of the house. 

@Michael Smythe the repairs were never completed while the tenant was living there.

As a beginner investor based in the Seattle metro area, I'm eager to learn from your experiences and share my journey as I get started in this field.My current strategy is to focus on live-and-flip for the first three deals (looking for my second deal) to gain hands-on experience while building equity and learning the ins and outs of renovation and the local market.