Someone from the company should perform a site visit of the property to do a thorough analysis and ensure eligible components are identified accurately.Licensure and experience: The firm should have licensed tax specialists and engineers and this is recommended by the IRS.Experience with your specific type of property: Not every property is treated the same whether it be office buildings, self-storage, restaurants, gas stations, mobile home parks, residential properties, multi-family, or car washes.

If you go the mobile home park route you have about 3 months of forging in info and doing many deal analysis.If you’re going to do the property tax sales as a cash snowball you need to start googling and learning.AnotherO poster in Lubbock wanted a specific type of property.  

A dedicated team shares a common vision, working together to achieve sustainable success and maximize returns over time.👥 Networking & Relationships: Building relationships is crucial in real estate.

Here's the summary I got from the video - she borrowed from bank for mortgage and rehab:Her first property $55k, fixed up and appraised to $90k ($1300 cash flow)She added 6 more properties to her portfolio in year1 - 2 duplexes ($2k cash flow) + 4-bed house (bought from cash flow and equity from other properties).By year1, she made 6-7k profit / per yearBy year2, she purchased package deals and added more properties with 2-week turnaround on fixing them (with the help of a dedicated contractor(s) who lived in one of the multi unit/room properties)She also did Airbnb and arbitrage.

Remain dedicated to your objectives and keep developing as an investor.By leveraging your skills, passion, and dedication, you're well-positioned to succeed in real estate investing.

Big things always happen when you are on vacation, that is a rule of the universe.Below is a picture of a water leak in one of my mobile home parks this last weekend.

I am under contract for my second duplex, and am thinking it will be time for me to begin hiring out lawn care, as I do not plan to have means to transport equipment between properties or dedicate time to a low value task.

I am able to put up to 3 mobile homes on my land.

However, that property is also a dedicated rental and thus I am not sure how the IRS rule would work if you have STR a portion of your primary residence.Thanks all! 

Over the past six months, I've dedicated myself to studying diligently.