Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?

I'm right down the road in College Station/Bryan area and would be happy to connect anytime I'm in your area and vice versa.

If you don't have an entity, this is a Schedule C activity.

Focus on areas with sustainable taxes and long-term rental demand, targeting groups like college students, young professionals, or travel nurses.

I was out of college (just earned my degree in Culinary Arts) and was constantly running out of money.

For example college rentals generate some of the highest ROI of properties I come across in New Jersey but it depends on the school and location of property.

I do have an FT job as a General Manager but my work schedule is fixed and stable -- Any managing broker team recommendations will be helpful and appreciated.

There are a lot of websites that offer the course online, or if you have a college near you, they also typically offer a class that satisfies the pre-licensing requirement.

This is assuming you haven't already done this during college (summer job or working part time)I would go where I can get a job in a commercial real estate firm. 

Keep in mind the more you write off the less money you will show as you net.If you have (2) full years and depending on how the accountant files your taxes you will have a schedule C more than likely or another schedule that shows profit and loss.