You just need to figure out where.My story started with $85,000.

The holder of the note makes no real difference; in Jane's case, it might be more advantageous to her to hold the note than sell outright depending on how she can absorb the sale from a tax perspective; in your case you don't have enough income to do a conventional loan so getting a seller carry can give you more properties.

Looking to bid in a few days on a Primary Mortgage lien,  it appears that there was an COA Lien which was filed with county on 11/22/22.    Unclear if the lien has expired, and if surplus funds would go to the COA Acc...

If you have lived in a home as your primary residence for two out of the five years preceding the home's sale, the IRS lets you exempt $250,000 in profit, or $500,000 if married and filing jointly, from capital gains taxes.

If one is renting out a percent of their personal property, that same percent of the profits will be subject to capital gains tax at the time of sale.

The business is so much easier once you get rid of the debt.Other people may think it's more or less but that is what happened in our portfolio (adjusted to your figures and excluding commercial) over 2 15 year periods from 1990 - 2005 and 2008-2024.

FIgure out if your current coverage is correct and what is protects with regards to renting the other unit.You can't get two policies on the same property.

I have 5 figures in savings, and the business can definitely sustain me after college.

I figured i could save some  money doing some of the work and hire out the other trades i need. 

Make certain the sale looks "clean" and "makes sense".