I'm wondering how NYC hosts are surviving or have they turned to LTR. 

Are you trying to assign the contract or do a double closing?  

Or, can I avoid the quit claim back?   

hello, I am under contract for an apartment building, and I will be using seller financing, and this is my first time doing that.can anyone offer any advice on things to look out for or special provisions to put in the contract or to avoid in a seller finance deal?

Mine is a bit verbose since I cater to low income, but am happy to share with anyone who sends me a private message or e-mail.  

or my existing lenders are tapped out? 

Or is it necessary to receive rental payments and pay vender payments out of our property management account?

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

It is hit or miss.

It will also depend on your goals and if you're looking for turnkey or a value add.