based on this its what ever you all agree to and are happy with.. as long as you get some cash and you record your DT or mortgage in first position and then have co bene's on the mort/dt / note then thats all you really need.. you all might want to talk to a decent CpA about this.

Ben,The NOI on the condo if fair but based on equity versus mortgage $600 is a little risky knowing how Condo associations tend to hedge up on their HOA fee's.

Tax optimization is a powerful aspect of investing and most people don’t take advantage of all the options.

I would try to avoid it on your very first deal but plan your exit right with multiple options.

Owning in an LLC will also limit your financing/refinancing options.

You will find quotes all over the map which are usually apples and oranges as CPAs specialize in different things and have different business models (Flat fee, Subscription, Hourly, Hybrid etc).

By disclosing your intentions, you’re covering your bases and staying on the right side of the law.Professionalism: Presenting yourself as a professional wholesaler can actually work in your favor.

You MAY be able to garnish wages, BUT most tenants may not earn enough to do that and that may not be an option in all states.

According to my research, BRRR could be a good strategy to start with to increase cash reserves and then go for buy and holds...I'm interested in Oxford Houses or other group home options or other ideas I haven't thought of yet!

I like the idea of one day being able to invest in more "favorable" markets based on the current economy, job growth, local trends etc.