This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.

Hi Everyone, This is Vijay M.

We are open to investors helping us, but need to learn more about this process as well.  

This add an element of unpredictability.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.

I'm extremely nervous about starting in real estate but I want to provide more for my family and buy more freedom for myself and think this is the vehicle to do it with.

Reach out to @Elliott Milek he might be able to help 

If you are a new investor, print this and read it once a day.

The owner is an older gentleman and has managed this property for years.

It sounds like a promising opportunity, and I’d love to connect further to explore this.