Investment Info:Single-family residence fix & flip investment.

My name is Aidan Ahern, I'm based out of Stillwater Oklahoma as I'm a student at Oklahoma State University, and I'm looking to break into real estate investing by way of house hacking a small multi-family!

I will say we have family connections to the area we are targeting and we go up there 2-3 times a year in general.

Sure it is a 6 Family that was built in 1935 which automatically pulls it into the rent stabilization program.  

Real Estate Update Here's the latest market report (based on single family homes): Mortgage Rates:30-year conventional rate today is 7.15%30-year VA rate today is 6.65% Median Sales Price:March: $475,000April: $476,000May: $475,995 New Listings:March: 1,845April: 1,957May: 2,099 Median Days on Market Until Sale:March: 16April: 12May: 13 Months Supply of Inventory:March: 1.9April: 2.2May: 2.2 What does "Months Supply of Inventory" mean?

Although we have seen significant changes in pricing over the recent years, one thing that hasn't changed is that we still aren't seeing positive cash flow out of single family homes with any kind of financing in place, specifically with long term renters in place.

I am relatively familiar with the rule that myself nor immediate family can benefit from any property that the IRA has purchase.My goal is to use all of the capital to purchase an apartment building.  

Yana,I'm guessing that this is a 1-4 family.   

Is this for a single family home or multi-family property?  

If you're selling a single-family home to an owner-occupant (I don't know if you are) – the "perfect" seller-financed note is 20% down, 10% interest, 10-year term.