While this is the general premise, there are certain circumstances which may trigger taxable events and require tax payments to be made.

FHA is definitely one route you can go, in the current market with elevated home prices, and interest rates its alot more difficult to utilize and fha loan because with any 3-4 unit property you will need to pass what is called "self sufficiency test" essentially fha has a rule for any 3-4 unit property that requires 75% of the projected rental income to cover the total mortgage payment in order to qualify for financing.

She was really upset for a while, got her Broker involved and made some idle threats.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

In order to place an offer I requested copy of the leases and the 90 day notice to sell.

Best of luck, and know this......Money is made in conversations. the more conversations you can have with anyone, the more money you will make. 

I do know Axel as were in the same high school different graduating classes and frequently listen to the Multifamilywealth podcast, I did connect him with my agent that has now made the swithc to commercial.

I currently own my home and would either sell it when I was ready to move or rent it if the numbers made sense.

The pipes were in perfect working order before but almost feel like this event has saved me something bigger down the road.