Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

If you want to get a 2nd opinion from him either message me, or Google my first and last name and give my office a call.     

Last I checked multifamilies required 20-25% down as well, so that's a win for a MF.As far as the quoted question, because the affidavit you'll sign and submit to the Landlord&Tenant Board and to the tenant says that you're buying the house, and want to evict the tenant for your own use.

And lastly I have to add that we sold our previous home and made $60,000 profit and have $100,000 (or so) equity on our current home so we could say we do have a little bit of experience. 

I made an account months ago and didn't use it much but have started using it more in the last month.

Over the last few years I have learned much since I am bedridden and do not currently work. 

She will allow me last look on the property if I can get comfortable enough with this project in a hurry.

i am wanting this income to be taxed passively, so i can avoid self employment tax. when cash flow starts coming in is when i will transition into full time real estate investing. i.e. flipping, buying raw land and developing, etc. doing most of the work myself having been in the construction trade for the last 20 years. would that put me as a real estate professional?

Those are my ranges for recent full tear-offs with deck replacementYou'll get lucky with some stuff in that it'll last much longer than normal. 

It's coming, Zillow sent me an email today saying one of my properties went up 5% last month!