Focus on building a network of contractors for repairs, set clear boundaries for house hacking, and take advantage of tax benefits.

Steve talks about the different phases for example the first phase, AOL days slow dial up.

The stodgy that most of the investors that I work with use is to make sure that every 1-2 years they look at their portfolio and capture the equity to help grow their wealth.As a benefit for the investors that I work with we have partnered with a company that we met at BPCON that looks at this exact thing.

Umbrella insurance is crazy cheap for the benefit, and it already requires you max out your liability on your other covered items.

The preliminary analysis can have lots of data, so it's important that the provider thoroughly review it with you to explain what depreciation tax deductions Cost Seg study provides and what depreciation benefit you would get w/o Cost Seg.

I respect your many years of experience Jay but want to bring some perspective from the other side of the table.In a corporate office which is running 10, 20 or even 50 projects at once (depending on the firm size), what is the benefit for the Architect to drop their other projects to jump on yours quicker?

While your co-host is a valuable resource for management, an agent can provide a broader perspective during the acquisition phase.

You will get some cash flow, appreciation, and tax benefits along the way.

As mentioned the main downside to using a SDIRA to purchase properties is you get no tax benefit upside (depreciation) and have to pay taxes on UDFI.

However, this structure provides two main benefits: 1) I don't have to build a big marketing machine to raise money.