What do you recommend.

@Wiley Hood to be honest, with all the new regulations around documentation for cost segregation that has come out, I recommend having a professional do them.

I'd say, if you can renegotiate the purchase price and get the knob and tube replaced I'd recommend it. 

Any recommendations on lawyers to talk to that can assist in advising on an LLC fund (if needed) and how? 

I've heard about rocket lawyer, do you recommend anyone?

And once a person get's to a certain size of scale, most do NOT get significant personal $ via cash-flow, it's still all about appreciation because most obtain liquid capital via refinance. 

Highly recommend @Lien Vuong she commented below and has helped a lot of our clients start of expand their investment property portfolio. 

Can anyone recommend a good REI agent in the area?

If you are a beginner I would recommend staying on platform.I get more scam attempts on VRBO, a lot of people offering to pay by company check. 

I have liquid assets and want to make smart, scalable investments that balance cash flow, appreciation, and low risk.GoalsGenerate consistent cash flow to diversify my income.Maximize appreciation potential for long-term wealth growth.Invest in areas with low crime rates to minimize risk.Reduce my tax burden for 2024 with real estate purchases.My Current ThoughtsI’m torn between two main strategies:Multifamily Properties:Looking at markets like Austin, Raleigh, and Tampa for 10-50 unit multifamily properties.Love the scalability and centralized management, but I'm concerned about high upfront costs and competition.Section 8 Housing:Considering affordable markets like Memphis, Cleveland, or Indianapolis to purchase 5-10 single-family homes.I like the government-backed rent stability, but managing multiple properties across different locations seems intensive.Key QuestionsWhich strategy would you recommend for my goals and liquidity?