I don't know the detail as far as the tenant paying rent or not, if there's a lease contract etc.What questions should be asked before buying this investment opportunity?

I am talking about current operating assets: what did they underwrite for rent, other income, RUBs, taxes, maintenance, turn over, etc.  

This way you are coming out of pocket with little money and then can refi after the property is rented out and can ideally get all the capital you invested and pay off the hard/private money lender

What do you think about what the platform professionals told me:"I understand you have a duplex and that previously you lived in half and rented out the other half (I am assuming a 50/50 area split).

Would you like to buy turnkey and rent? 

I understand they sign a long-term master lease with a landlord, furnish the place then rent it out for more money.

I only mention this number because at $150k AGI, the active investor allowance enabling one to deduct $25k in losses from active income disappears, as I understand it.My current portfolio:Condo (purchased in 2021 w/ 5% down)Single Family (purchased in 2022 w/ 5% down)Multi-family primary residence (purchased in 2023 w/ 15% down)Above-garage apartment and detached ADU are rented out.

They were investors, and would not pay more than what they could rent it for and make a positive cash flow.

My original plan was to rent out the space to Section 8 tenants, but from my experience so far, dealing with Baltimore City housing and inspections can be a serious pill.

Ideally, I'd like to rent to enlisted military professionals near Fort Liberty, NC.