Many of them have restrictions that you must owner-occupy the property for a minimum number of years - or you'll have to pay it back with interest.Also, the standard mortgage requires you to owner-occupy a property for a minimum of 12 months before renting it out.

But maybe its worth it if you don't have a place to get hard/private money for deals. 

The LLC sells the subject property and buys, for example, 3 replacement properties in a 1031 exchange. 

For multifamily properties, this is often around 40-50%, but it can vary depending on the property's condition, location, and age.- Analyze Comparable Properties: If you’re working in a specific market, reach out to other landlords or property managers with similar assets.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $90,000

Cash invested: $25,000

Bought a house this fall in Minot for $90k. Currently have it rented and plan to ho...

You can contribute by finding deals or managing properties in exchange for a share of the profits.Lease Options: Control properties without owning them by renting with an option to buy, and potentially sublease for profit.Owner Financing: Buy properties directly from sellers willing to finance, bypassing traditional lenders and often requiring less upfront money.REIGs: Join real estate investment groups to pool funds with others for property investments.For a more hands-off approach, investing in turnkey properties in growing markets with minimal upfront investment would be ideal (like in the Southeast and Midwest of the country).

I feel the properties 5-15 minutes away are easier.

Interesting that this seems to cover all property zoned residential, with no apparent carve out for a transaction of residential property between two investors.  

Quote from @Jason Malabute: Since the rental contract didn’t begin until January 1, 2025, the IRS would generally consider the property a rental property starting in 2025, not 2024.

Because the property tax as a non-owner occupied property is about 3-4 times the amount of a owner occupied property.