I agree that many transactions shouldn't be done simply because you can.However, out of curiosity, if you had the opportunity to buy a $hit property with golden financing & then immediately sell the $hit property but keep the golden financing & transfer the financing to a great property would you consider it?

Since we don't use Padsplit and manage everything ourselves, we simply call it co-living.

Also in terms of identifying good areas, I'd speak with several realtors and property management companies to hear their opinions on what sells.

Your project is amazing and it would see a real change for people if done right.First you have to identify what you are looking for.

You do not operate a trade/business - they you avoid 1099s, but neither can you use business overhead deductions.Disclaimer: you cannot simply claim to be running trade or business, it's not some checkbox election.

For your next steps, focus on identifying areas in Northeastern PA with strong rental demand and property values that align with your cash flow goals.

I’ve done some research and have identified a few markets with potential, but I’m still trying to figure out the do’s and don’ts of buying distressed properties and how to maximize my chances of success.For example, what market factors should I be looking at beyond the average sale price?

Granted, I am sure most are simply deleting their emails, but that is a big database of people that have either taken the course or raised their hand at one point to learn more about the company. all this RE training is just based on MLM  presentations and such..

Simply buy a property every year or two if you can.

There's some who are more so there to help advise as I make my own path presumably with the ability to identify issues ahead of time.