Stay active on the forums.

A strong network can be crucial too, especially when you're starting out.Feel free to reach out anytime – looking forward to hearing about your journey and sharing insights!

This really means, what tax return reports the activity of the property.

A QOZ must earn a minimum of 50% of its gross income on an annual basis from QOZ business activities.

Since you're aiming to purchase a multi-family property in Long Island, especially with the help of a capital partner, it’s crucial to run the numbers carefully (rental income vs expenses) to ensure you’re set up for success. 

Maybe a family in your area has a relative that would like to rent nearby but who doesn't think now is a good time to buy in this current housing market.You might even find someone who likes to target practice if that's a safe activity in your area. 

David Ramsey talks about stocks, mutual funds, etc.. whereas I made my money by being an active investor in real estate.

For example hang drywall is a 3 day activity tape and mud five days.

1.Activities That CountTo meet the material participation criteria, you must log your hours in a detailed and ongoing logbook throughout the year.

While it provides a steady income stream and potential appreciation, it demands active management, thorough tenant screening, and may involve higher vacancy risks compared to traditional leases.