You could start and complete a college degree, move, get married, or... you get the point.

If the rents end up being taxable in the organization, they'll actually be subject to maximum income tax rates very quickly - much faster than if you just did this personally.There are groups now starting with "socially responsible" investing - effectively a standard partnership/syndicate that is "investing for good" - that would likely be a better structure to avoid 501(c)(3) headaches in a for profit venture.  

On top of that, Jay decided to place a problem tenant in there BEFORE the property was done WITHOUT my consent, which started a whole new set of problems.

Most lenders will follow a 5,4,3,2,1 Step-down penalty for the lowest rate.

He is top notch.

Without boring you with our analysis, at a 50% occupancy rate it would net us about the same as renting it out long-term.  

So we negotiated for a seller financing deal with very little down and a very low interest rate How did you finance this deal?

Are interest rates just too high now to buy a rental property?

Hi Paul, Dont forget to Research the current real estate market conditions in Suffolk County, including trends in property values, rental rates, vacancy rates, and demand for multifamily housing.

And, I average 107% market rate on rents.