If you need a W2 income for lending underwriting purpose for instance.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

For instance I have a great contractor.

Someone telling you that you need asset protection, but cannot tell you in what instance you could possibly be sued for that insurance would not cover you.

if your doing fha va then your basically 95% leveraged and you should not expect positive cash flow until rents rise a tad.. have small negative cash flow on a highly levered deal is not a bad thing I you have a quality property and you believe rents and values will rise over time.Virtually every investor for instance that invests in the SF bay area is negative the first 2 to 5years but then they kill it on appreciation..

For instance, if you are looking to do a do a BRRRR for a single family home, you can use a private/hard money finance for the purchase & rehab, and for the refinance you can use a conventional Fannie Mae/Freddie Mac loan or a DSCR loan.

Concessions could be utilized in a greater percentage of transactions as buyers look to reduce out of pocket expenses or offset costs to their representatives in instances where seller paid buyer commissions are not an option.High level, in the immediate future I don't think too much changes (beyond mechanics) for spring transactions.

For instance, I think partnering up would be a good option, however, it is unlikely that you will find a capital partner at this point because you are brand new and you don't know what to do when things doing go according to the plan.  

I'm just starting my real estate journey myself here in the Upstate and am learning that local connections, regardless of how knowledgeable the online ones are, still seem to work best for me.For instance, out of state accountants may excel at income tax matters, but then you may miss those nuances of how property taxes hit investors harder than homeowners in S.

I beleive there's plenty of opportunties on the MLS, but they are usually categorized incorrectly i.e. a property possessing favorable zoning listed under the single family category, public records incorrectly listed the square footage, or instances where  BRIGHT MLS doesn't track zoning changes real time with recently introduced zoning bills.