I guess I am here because I feel lost and overwhelmed and want to learn how to make the most of this situation to achieve my goals in a safe way over the next 1-5 years if possible.

. 😀 I love your reply and feel like you would be accurate, it just depends on which Founding Fathers.

20-30 = Appreciation + time, unless you can really put that work in for deals and cash flow.30-50 = Mix, depending on how long your parents lived.50+ = Cash flow only.70+ = Get off BP.Modest (since I hurt enough feelings with the above) income earners (<$50k): Focus on your earned income.

Feel free to share your own experiences with short-term rentals in Locust Lake Village. 

You probably only need 1 attorney, because of your relationship with your partner, who will represent the "seller" for title and fiduciary purposes, and as the buyer you really don't need your own unless you feel like you need to protect your interests.You absolutely should not transfer this property back to a LLC once you own it, especially in the first year as a primary residence, but also because it's completely unnecessary.

Hey @Caroline Knight, feel free to reach out if you'd like to chat.

Feel free to connect. 

Sometimes, I feel like I'm wasting time with financial projections, especially when a minor adjustment can drastically change the outcome due to compounding effects.

If you are interested in chatting some more, feel free to reach out.

You can feel free to check out our website to get a sense of it all...Oakwood Lending (we do loans in NC--so things might be different in D.C.).