Additionally, follow up with PM to establish their process for passing off the property to include leases, tenant contact, rent ledgers, inspection reports and the like.

Would I pay the lender off over time?

I am a 21 year old investor based out of Brooklyn, NY w/ two investments properties (payed off mortgage) that I manage and I have been pushing forward and researching and reading and learning as much as I I can about real estate.

When you run a business however, you can write off a lot of materials, equipment, software, etc.. that can help reduce your tax bill.If there is a cheat code to this, I am all ears!! 

This may be your best bet as it lets you hold off on formation, but its important to make the title company and the lender aware ahead of time so they can update title and prepare the loan docs with the correct entity name.

Hi All,As I look at my options to finance my first RE deal, I was researching the early withdrawal penalty from TSP (Federal equivalent to 401K) and just learned that I can take out a TSP loan with no penalty, no tax impact and just have to pay it off with interest (seems to be 4-5% range right now) within 60 months. 

Good advice by @Eric GerakosAssuming for a second it’s worth doing, remind him his broker price of 500 will be lessened by the 40k commission, and the bank will be making the money off the loan, not him.So try for 460-480 with as low a down payment as he can stomach and offer to split that payment into upfront and 3-6 months later.

For our previous investment properties we used a home equity loan and cash to buy and paid it off in a few years. 

when I learned to fly we hoped right in I got in the left seat and very first flight I managed the take off and even landed fairly decently. so yes you do learn on the job so to speak.

What I'm wondering is can we have these 3 properties qualify as a business, with all the write offs that come along with owning a rental business.