Would be curious to see your calculators and I can re-run the numbers, but I ran this quite comprehensively.

“Personal, family, or household purposes” is the literal definition in Dodd-Frank (and used by most other states).Unfortunately, Dodd-Frank says there is no precise test for what constitutes a personal, family, or household purpose, so you’d be wise to take the road of conservatism.

This approach mitigates risk while leveraging your resources effectively.Looks like your household could qualify as REPS and really offset your taxes if your portfolio is optimized.

Inheriting a house, holding, and loosing money as rental is a terrible idea.

This chart shows something wild: for the first time in history, U.S. household wealth in real estate eclipsed stocks and mutual funds.

For any interested in being an investor I strongly suggest doing as much research as possible on Delta and Theta as it's excellent comprehension for investing in general.

Why anyone thought this was a good investment is beyond my comprehension.

Low-leverage", but in reality it is 75% LTV and then some pref equity on top of that (and ahead of the equity the deck is for)One of my favorites are the co-GPs that have no involvement in deals (besides bringing equity and forwarding emails) touting track records and presenting deals like they own any of itClass B neighborhoods that are the highest crime areas of the city.Value-add plans that project rents growing to, say, $1500/mo in an area with $30k/yr avg household incomesAnd most specific to this post:In-the-money interest rate caps being touted as actual cash flowDSCR Projections that don't take into account any rate cap replacement reservesTouting floating rate loans as "FIXED FOR THREE YEARS", etc.

In a deep search, it will conduct a thorough investigation and provide comprehensive reports on any topics you need.

I was getting a few from google and other related real estate forms to build my own super comprehensive deal analyzer.