Invest it into a syndication fund.Alternatively I could wait until I can purchase another home next year and use it towards that, but ideally I'd like to invest it this year for tax purposes.

If your rent is due on the first late on the second he will likely be late every month unless he pays in advance or you customize his rent due date. 2) Disability income is not garnishable.

Residential is ideal but I wasn’t sure if I because there are 6 beds.

It appears to me that the occupants might just ride this out to the very end to get free accommodation which is not ideal at all.

Agreed, it's not ideal for your tenant though.

Lower risk, same result, more potential customers to buy your product.

But they may not have been paying attention to that (and I have no idea what state you are in or what customs are the norm on purchase agreements there).

It starts by defining the criteria of an ideal tenant for each investment property.

It's not money for nothing (and your chix) for free.You will have to spend time working at it.You should ask yourself--is doing the things I need to do to operate this rental business, and taking the financial risks I need to take the right thing for me.Also do you know enough (in your judgement) to be able to start in on this yet.For instance, do you know what a P-Trap is, what about bug control, do you know how to legally evict someone in your town, and do you have money set aside to do this and also to "Turn" the unit for the next customer/renter while still paying the mortgage?

These factors make business purpose rental lenders the Ideal choice for someone practicing BRRRR and looking to build and expand their portfolio.