The buyer transfers the property over to their name but keeps the mortgage in the name of the seller, continues to make the payments, takes on full responsibility of the property, all repairs, maintenance, etc.. 

Start with small steps, pick deals wisely, plan your spending, and always have a plan B.

Due to high interest rate and almost $10k of property tax, we negative cash flow over $10k in 2023.

And anything you spill goes right over them, so red wine or pasta sauce will do a number on them.At least with wood finish, it blends in well, though curious to see any and all replies.

There they will go over the drawings/plans, walk the site, etc.. 

Hi San Antonio Community,I'm Eddie, a 22-year-old Non-Commissioned Officer with over three years of service in the US Army.

My current strategy is to maximise equity over cash. 

@Matthew Kauk substance over form Re 10 different cleaners.

You have to pay capital gains regardless of whether you had a mortgage once you sell unless you do a 1031 exchange in which case the process starts itself over and you don't have to pay capital gains tax unless you sell and don't 1031. 

On the other hand, unless the seller is financing it, you are almost certainly not going to get 100% financing, so you'll need the down payment plus reserves for working capital and capex.I'd then look to find an experienced apartment owner, ideally one in your area, who can look over your proforma assumptions to make sure you haven't forgotten anything big.