Hey Bigger Pockets family, my name is John Faulk Jr, and I recently joined the Bigger Pockets community again.

Also is this a condo or single family? 

Investment Info:Single-family residence buy & hold investment.

We're both eager to diversify into real estate investments.Although our home base is in New Hampshire, we're open to  investing wherever we can maximize our returns.Primarily interested in multi-family investment properties to leverage our first-time homebuyer loans effectively.Initially, our focus was on purchasing properties in the New England Region (mainly NH & MA).

Don't sleep on renting by the room in a single family home if it gets you a property in a better part of town.

Its a 2 family. 

Investment Info:Single-family residence other investment.

You can't do a 1031 exchanges with a REIT, but you could buy something turn-key in an appreciation heavy market, hire a solid PM, and start stacking equity to later 1031 into a turnkey multi-family and continue to grow.

@Sabina HasanGet an attorney asapEven if this person you are partnering with is a family member - their attorney works for them and not youYou will need to get a copy of all the documents from operating agreement and ppm or other documents being put together and have your attorney review them.

- Do any of you have an str in a multi family, what are the regulations on that?