We are not first time home buyers but have three single family homes ( rental) properties in California but want to buy our first apartment complex out of state for generating  cash flow for the long term.

Purchase price: $674,000 Cash invested: $134,000 Long term rental purchased in area that is under development and predicted to rise in value over the next 5 years - 2br 2bth

Thanks to a special IRS tax loophole, homeowners can exclude $250,000 to $500,000 of capital gains from the sale of a primary residence, so long as they have lived in the property for two out of the prior five years."

A land contract allows you not to reflect the terms sale in the public records. 

You need to have had me aware and agree to these terms and conditions.

Hi Lawrence, Here's my short advice check Due Diligence, Understand Owner Financing Terms, Seek Professional Guidance, Market Research, Financial Analysis, Risk Management, Long-Term Vision.

And figure out a place where someone could put a dresser at least one that's a tall boy type, although most renter type bedroom sets come with a long dresser with a mirror on top.

We're looking for buy-and-hold long term rental properties that need minimal rehab work to be rent-ready.If anyone has any banking recommendations in Michigan I'd love to hear them.

I have active SFH long term rentals in the area. 

It's the same everywhere.Just include in your offers a term that the seller pay your agent from their proceeds.