The social engineers (lawmakers and their special interest handlers) stifle and discourage growth, individual liberty, and confiscate property (your hard earned income), they are absolutely crazy.

If you do this, plumb and wire each one to the individual units to keep your costs down.

Joining local real estate investment groups can be a great way to meet like-minded individuals and learn from their experiences.Start Small: Consider beginning with a single-family rental or a small multifamily property.

Even as a seller focused or listing broker, providing investors with live mortgage rates, programs and accurate resources has proven essential to maximizing transactional incentive and client conversion throughout the years..Although I've never actually executed dual duties on any single transactions (and don't think most investors want to entrust that responsibility to a individual party - nor would I want it!)

Additionally, many licensed people (myself included) will never agree to pay "finders fees," "referrals," "commissions," or whatever else the same fee can be called to an unlicensed individual. 

Last week I was chatting at a party with a State Farm agent (not my local agent) who clued me in that State Farm will write commercial policies for STRs, including SFH owned by an individual or trust. 

Not having individual meters is simply unprofessional.

I've been a part of the group for over a year now, Uri, and it's been absolutely fantastic.The educational program is top-notch, no doubt, but for me, when I joined, it was all about the access to the network of like-minded, vetted individuals who are there to do deals and make it happen.I've always been frustrated by local meet-up groups and networking events where the majority of people (because the events are typically free) are tire kickers.

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

Regarding the masterminds, I'm in two and they have been hugely impactful for my growth, both as an individual and my real estate/business growth.