Depreciation begins once the property is rented.It’s essential to consult with a real estate attorney to ensure compliance with local laws and to handle legal complexities.

I used to do essentially free consulting with new investors on it but gave it up for some of the same reasons - everyone thinks you can just sit at home and buy good properties across the country that are in great shape. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

April is the only real low month.It's a funky place -- essentially a 5 room motel (originally built 1959) with a manager's unit (built 1984) tacked onto it. 

Maintain detailed records to substantiate deductions for materials, labor, and expenses, which can significantly reduce taxable income.While an S-Corp provides tax savings, it also requires payroll management and compliance with formalities, making it essential to stay organized or consult a tax professional for ongoing compliance.This post does not create a CPA-Client relationship.

What the concept you mentioned is talking about is leveraging equity to gain cash vs. selling essentially. 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

It essentially includes having a buyer for a specific property BEFORE entering  in a contract with a seller.  

I’ve watched a lot of videos on how to screen and how to set up work with contractors, so I’m hopeful to build those relationships more in this area in the future.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

From around 2018, when the golf course closed, until 2021 local residents essentially used this giant open parcel of grassy land right in the city as open space.