@Gaurav A.One caution:Per SEC regulations - which are constantly under review and or changing - co-GPs must do more than raise or bring capital.

Right now the legal description of the 2 units are "789 CONDO UNIT A PER CDO INSTR# 123456789" and "789 CONDO UNIT B PER CDO INSTR# 123456789" where the instrument #123456789 is a recorded 87 page HOA doc including all regulations, definitions, HOA hazard insurance, HOA fee, voting, bylaw, site plan, survey, etc.

@Paul Welden you are referencing the rules, but that is not the practice in many areas right now.

Do you understand the phone and in-person best practices for each type of seller you get in touch with?

Practically though it seems on most posts with a difficult tenant someone will bring it up and if tenants google their situation on what to do they will see the practice. 

Considering the property has been vacant for more than a year the advice makes sense but I'm not sure how practical it is to accomplish reducing taxes.

Just like over in Europe, furnished rentals will be normal.I specialize in +30 day furnished rentals because they are just as profitable as traditional Airbnbs but they have the added benefits of requiring less time to manage, less chance of parties/undesirable stuff, and they are typically not regulated by city laws.Essential Workers and Digital Nomads love extended stay rentals.

I had hoped to begin wholesaling properties to save for my first rental property, however, the assignment of contracts is heavily regulated in my state (Ohio).My question is:If I wholesale virtually (out-of-state), am I still bound by Ohio law regarding real estate and wholesaling or am I solely bound by the laws of the state in which the property is located?

This is particularly true in California where regulation is reminiscent of the Soviet Union, people are nutty, and courts often err on the side of injustice.I also recommend "Every Landlord's Legal Guide - California Edition" by NOLO.

It requires moving every year, but can be a great way to pick up $5MM in assets over 10 years with only ~$250k out of pocket for down-payments.Are these federal regulations that no bank can let a buyer put less then 20% down?