It pays to know when to just hire an independent financial advisor and do what you do best.In my 45 years as an active investor across real estate, businesses, commodities, and almost everything else I’ve developed a few “rules” that I believe should never be violated 1.

I'm in Orlando and active in residential real estate as a Realtor® and also serve on the board of CFRI, the local chapter of the National REIA.

Not sure how active he is on BP, but you might be able to get some insight from someone who was in a similar position. 

I then did some wholesaling, land flipping, did some more buying and am now just doing lending to build up active income.

If you continue using it as a rental but reduce STR activity below the material participation threshold, your deductions may become passive and subject to loss limitations.2.

Short-term rentals (STRs) could work well in vacation-heavy areas, but they require active management—considering a co-host or property manager can help offset time constraints.

It’s great to hear that you’re already active in the Southern Maine market.

This does not mean actively acquiring but rather considering valuation, market demand and rents, and potential ROI. 

Just a word of caution about Metro Detroit, it still has a large portion of its economic activity related to automotive. 

Is anyone here actively involved in using SB1079 to purchase foreclosed homes?