I currently have a small portfolio of single family houses but am looking to expand into multifamily.

.- Closing Costs: This can include various fees related to finalizing the loan, such as recording fees and settlement costs.Inspection Fees: If required, this ensures the property is in good condition before purchase.It’s a good idea to discuss these potential costs with your lender upfront to get a clearer picture of what to expect.

The value on these lots are $15,000-$20,000 each What made you interested in investing in this type of deal?

I have personally never used it so I have no experience with it.

(My assumption is it may be tough to prove enough material participation if using someone local to manage.)Two things worth noting:1- I'll be discussing with my CPA in-depth soon, but would like to hear other's experiences on this.2 - The main reasons I'm looking to STR's is the tax benefits (Cost-Seg) & appreciation that comes with buying in these areas opposed to the mid-west where I look for long-term rentals..

The labor and materials cost varies widely in different markets.

This is a landing page I came across in the Boston, MA market.

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

Hello you mean this one?

This has been court tested by over 40 years of case law.