It's essential for me to acquire these skills as I navigate potential roles in the real estate industry.If you have any insights, recommendations, or perhaps know of specific training programs or resources for learning Yardi, I would greatly appreciate your guidance.

High earners should also consider estate planning tools like trusts or Family Limited Partnerships (FLPs) to minimize future tax burdens.Given his income level and tax complexity, consulting a real estate-focused CPA is essential to maximizing deductions and optimizing tax efficiency.This post does not create a CPA-Client relationship.

I would keep as much liquid as possible and essentially get you to 20% equity or more by renovating the property. 

I'd essentially have 2 units out of the garage.

Going to the meetups is essential to build your network.

You're essentially partnering with the seller/owner in this scenario.

Which essentially puts some standards in place and a good guideline for handling all things in the company. ie. company mission, telephone standards, tenant screening process, etc. 

They call the person that brings the schedule of real estate, net worth and liquidity to the deal the sponsor or key principle.   

Take courses or read books on real estate principles, real estate law, and real estate finance.  

We typically do 4-5 years interest only while paying down the principle balances over time.