If you can avoid doing an Ellis Act that'd be ideal, b/c it's still going to "cost you" in other ways.

But to get going, someone has to pick up the financial responsibility of the downpayment and holding costs.

There's the down payment, the closing costs AND the delta between what's left on the loan and their offered price.AND don't forget the time involved to assume the loan.

House hacking helps you grow wealth and cut down on your home loan costs by letting others live in your place.

@Karim Wahba, to add a little color to Chris's comment: the typical syndication costs between 10 and 15k to setup.  

Also, this new investor could have been exceptionally exaggeration of the ARV without mentioning the rehab costs and the disposition cost after completion.

I just got my GC license and want to buy a property to remodel it myself to cut construction costs.

I should note that I did a 1031 INTO 2 of the 3 houses, and did a cost segregation study and took accelerated depreciation on all 3 to offset 2022 taxes because I had a very profitable flip that year and I am a real estate professional per the IRS.   

Go with Hostaway, great cost-benefit, and it's integrated with Turno as well!

Occasionally with Class B- properties.It's usually linked to the tenants or the neighbors!