.- Background: Took some real estate classes before but really a lot of self learning on creative financing - Current Goal:To close my first wholesale deal within the next few months by learning from seasoned investors and applying proven strategies.I'm here to absorb as much knowledge as possible, so if you have any tips or resources, I’m all ears!

Quote from @Abhijit Roy choudhury: Financial Crime enforcement Network, requires reporting of Beneficial Ownership Information filing by 01/01/2025.Does this apply to us, Rental LLC owners.

Consider the "2 of the last 5 year rule" to avoid capital gains. 

Is there any good rules of thumb to estimating the cost of a boiler?

@Dave AllenRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

This applies both to single-family residences and multi-family buildings.Non-residential HVAC systems, such as those in office buildings, warehouses and shopping centers are eligible for bonus depreciation.

The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.

(At least not until 2025 or whenever they change the rules.)

Unfortunately, I do have a property in an HOA, which often comes with their own set of rules that you'd have to follow of course. 

For example, if property values increase rapidly, the owner may feel they gave away too much, while if values drop, investors may feel short-changed.That’s a risk inherent in any long-term financial agreement, but it’s worth noting that the same dynamics apply to traditional real estate deals (e.g., buyers and sellers making decisions based on current interest rates or market conditions).3.