Hi Greg, may I ask what lock system you use for your rooming house?

Does HomeVestors buy the property from the seller outright or do they just lock up the property while they look for an end buyer, leaving them the option to back out of the deal if they don't find a buyer?

@Rich Solano Need to lock those up at deeper discounts shoot for 30% minimum remember market values are still inflated in many cases, if you only buy with a 10% discount and we get a strong market correction you'll be in a tough spot.

This is because collecting rent is often seen as passive income, and the state may not consider this "doing business" that would trigger the registration requirement.However, states like California or New York may have specific rules, so it's wise to check state-specific requirements.Active Income (e.g., House Flipping):Active Business Operations: If you are engaging in activities like house flipping, property development, or property management, this would likely be considered active business operations.

I'd like to keep my mother's room locked and still have the option of staying in that room for 2-4 weeks during the school year (while the tenant is also in the house) and for a few weeks during the summer (when the tenant lives elsewhere). 

Before pulling the trigger on this, read up on prohibited transactions.

But by adding discounts 3ish months out, we are getting longer lead times, so people are booking farther in advance and locking in at higher rates because we have more competitive pricing for those people that are planning further ahead.

I would recommend start going to see properties about 6 months before you are ready to pull the trigger, maybe starting with open housesand finally....

We put in almost $9ml of our own money into the deal to lock it down.

.- Buy a multi-family home - I've seen some for as low as $250k, but I'm sure there will be different deals by the time I'm ready to pull the trigger.- Take out an FHA loan for 3.5%.