@Dane Peterson As @Chris Mason has said, fannie homestyle is the way to go on this deal as it allows investment properties.I don't need to tell your the process as Chris has outlined it pretty well for you.

Right now steady as she goes.Weeks ago we put together a white paper for our residents outlining the different resources and assistance programs available to help out families in need.

If you decide to keep them on month to month make sure you make a contract with them outlining all the rules you want them to abide by so they know up front what you expect from them, and any breech of that contract you will terminate their agreement with a 30 day notice.

In cold belt states cap rates for STNL tend to be a little higher but only isolated areas of growth and many outlining suburbs to rural are contracting and dying off.

Out marketing plan which is outlined later in this plan will be implemented and measured for its effectives.II.

Also, is there some sort of special agreement that need to be set up with the property outlining how each owner should split exterior maintenance?

Buying cheap on the outline of a major city is completely different the buying up a city that has never really been alive Best of luck brother dig deep and get CREATIVE!

Let's talk about the 'upcoming economy transition'.Right now, investing in private placement syndications makes even more sense than ever. 1/3 of the dollars every created were willed into existence over the last 1.5 years, and with the cervesa sickness policies enacted, this is driving the dream of homeownership more and more unaffordable.We are going to see record rental demand going forward with huge housing unit shortages in many markets.Both passive investment in syndications and buying SFHs can fit this role, but owning rentals suffers from all the issues I outlined in my first posts.I'm usually funding 4-6 deals a year, and even with this cash position in portfolio is getting uncomfortably high.

The process is outlined below.

You will need to do a 1031 exchange; or one of the options that @Nathan Meeker outlined.