Because first thing a person does who get's a mailer and is going to engage in it is what?

You will find the BP community is an awesome place to ask, learn, and engage with like minded folks. 

Additionally, during my future engagement with the city, I'd like to know if this project will affect the building process, building code, and permitting process, considering our property is along one of the roads at the heart of this project.I recently saw the news about short-term rentals.

@Pradeep VelugubantlaMany considerations, such as your preferences, investment goals, and unique circumstances, will determine which state is best for you to establish an LLC in order to engage in real estate.

Whether you're a seasoned investor, a curious learner, or a multi-family development expert, I'm excited to engage in thoughtful discussions and expand my understanding of this dynamic field.I look forward to contributing to and growing with this community.

I am looking forward with engaging with this amazing community and networking as well!

Looking forward to engaging with the community!

.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

You need someone who clicks with you personally before engaging in a mentor/mentee relationship with the dedication and stress that may be involved.Where to find a mentorStart by looking within your existing network.

💬 Engage with Each Other:Comment below with your favorite single-family success story.Share any challenges you've faced and how you overcame them.Tag a friend or colleague who might benefit from this discussion.Let's create a valuable resource for everyone interested in single-family investments!