I couldn’t believe it; it was straight out of something you’d see on TV.Have you been to an auction before?

It sounds like either you buy a straight rental or a 2-4 unit house hack.The biggest advantage to house hacking a 2-4 unit is (1) you can put less money down with a better interest rate and (2) you can use the income from the other units to qualify.I don't know where you are based out of so not sure how far your $85K pre-tax income goes.

Doing the work ahead of time avoids scrambling.7.

For land specifically, a simple approach works well — something like:• confirm you’re speaking with the owner• acknowledge you know the land isn’t listed• ask if they’d consider an offer at the right price.Land owners respond better to a low-pressure, straight-to-the-point script.Curious — are you focusing on infill lots or larger rural parcels?

On a DSCR loan, it should be very straight forward.. 

With your finance and home-building background, you are already ahead of most new investors.

These signals usually show up before a property is listed, so it helps investors get ahead of the competition.Another low-cost method is following local filings and pairing that with outreach.

However, a caveat is that we will accrue these losses across the entire year; they don't exist yet.My understanding is that IRS safe harbor laws could allow us to simply pay 110% of 2025 taxes (or 90% of 2026 taxes, however this will be hard to predict ahead of time).

But remember this is not straight forward as the basis of the new property is derived from the adjusted basis of the relinquished property plus any amount you paid.

However, like others have mentioned above, there are actually a few ways to handle this that could make it more tax-efficient than a straight gift or purchase.For example, your parents might think about putting the properties into an LLC and trust.