"I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

@Andrew GrimmettTechnically you do not own the property because you did not record the deed - so my guess is you cannot write off any expenses on it since you don’t own it.You probably want to talk to an attorney about this - as also if something were to happen to your grandfather and there are other family members they could contest the quit claim deed - but this will have tax and legal consequences so you should seek those two specialists for this specific situation

Even if you are out of state resident that GET tax is charged on Hawaii clients which is messed up.STRs are definitely in vogue, but they're not without risks.

I am looking at the following deal:Address: 4116 Jason Rd, Spring Hill, FL 34608Asking Price: $650,000Property Type: Multi-Family | QuadPlexBedrooms and Bathrooms: 8 Beds and 8 Baths | 4 UnitsSquare Footage: 4,644 Sqft | 4 UnitsCurrent Monthly Rent: $5,525"This property comprises two fantastic duplexes built in 2007, which share a lot and feature a private screened-in pool.

Investment Info:Single-family residence buy & hold investment.

Using loan proceeds to purchase another primary residence is considered consumer purpose and would not fall within DSCR guidelines.

Glad to see another Spokane resident.

I manage about 100 units, a mix of Commercial, Multi-Family, Single Family, and Warehouse.

Also,I'd recomend starting with a single family or small multi-family before jumping into an apartment complex. 

Investment Info:Single-family residence buy & hold investment.