We have agreed on a buyout price of $100K (initial investment) but he also wants me to pay all closing costs which was quoted $22K - That seems really high so seeing if this is accurate?

This is a great place to learn and to connect with people so take advantage of all the great resources.

At this point in my response I outlined what actual market rents were for similar properties.

I just need a little extra help with the next steps and figuring out all of the details needed to make it happen.I would like to close on a deal by the end of this year, using either my VA loan or an FHA loan to house hack.

Additionally, the management companies would take around 10% of the rent for their services.Given this, I’m exploring whether it would be a smart move to refinance when interest rates drop, and possibly form an LLC to transfer the property into.

Take a look at this ad, which is clearly targeting a keyword that a buyer would use.I know what you’re thinking: “Yeah, I only pay when someone clicks on my ad,” which is true.

What is this exemption for "Banking" ?   

I'm new to this group and excited to be here.

Thank you for your help.

Do you think there are specific markets or strategies that might help offset the high taxes here?