I also have a property management LLC that I formed.  

I deeply appreciate any feedback as this totally new for me - I’m just trying to quick build something to scape the rental trap I’m in .

Dear fellow investors,I am in the process of deciding whether to get into a big (at least big for me) deal within the next month or 2.

I don't have the 20% to put down that my broker needs, so trying to figure out if there's a better way to structure this to make it work for me and the seller.  

The reason for me wanting to do REI is to be able to achieve financial freedom and do what I truly want with my life. 

I found that , yes, I saved on taxes, but that maybe without the time pressure of those 45 days, I could have sat back and maybe found an awesome deal (instead of just a good one) , that would have ultimately created more profit for me than what I have saved on taxes. 

Ok, I know this deal is tiny but it was a victory for me nonetheless.

Based on the prices I can find on Zillow/realtor.com, the numbers seem to come out better for me with a 3x2 condo, considering that I can actually afford a 20% down payment on a condo compared to a 5% FHA I'd have to take out for a multifamily.

I work in Seattle and there aren't many job options for me in Bham.

Its about an hour drive for me and probably for you too but thought I would mention it.