Not worth the cost of the study since it did not accelerate the regular 27.5-year depreciation.By contrast, another investor's $12,000 study on a recently renovated $3.8M office building yielded first-year additional deductions worth over $120,000 in tax benefits - a clear home run.The quality of the engineering team matters tremendously.

Managing from a distance can be done, but you still need boots on the ground to handle showings, inspections, eyes on the property regularly, etc.

I am thinking of trying to get a network of investors to meet regularly to exchange ideas.

I will say though that these investments only seem to make sense as short term rentals and not as regular lease rentals.

I would highly suggest finding a bookkeeper who specializes in REI as our industry is a different animal that a regular business and the bookkeeping is a bit specialized as well.

@Asim Purses this question comes up pretty regularly in the forums.

This means you’ll pay short-term capital gains tax at your regular income tax rate.2.

The fee to convert a regular LLC to a series is usually around the same or lower than a new LLC.

Regular progress meetings and budget reviews will help you stay on track.Wishing you success with your development!

You can find them through investor networks, BiggerPockets forums, local real estate groups, or referrals from other landlords.To ensure the property stays in good condition, set clear expectations with your manager, schedule regular inspections, and consider using smart home tech (cameras, leak detectors, etc.) for extra oversight.