Essentially, 1. provide your investing thesis 2. show that you're serious and ready to go when the right deal comes along and 3. what exactly do you need from them.

Essential for keeping organized records.Accountant – Focuses on higher-level financial strategy, tax planning, and compliance.

@India H.When you're diving into real estate investing, especially through auctions, it's essential to have your financing and structure in place.

State average homeowners insurance rates indicate the risk of natural disasters.Information Sources for Data-Driven Decision MakingUtilize these resources to gather the necessary data for your city selection process:Population Size and Growth: Wikipedia's Metropolitan Statistical Area pageAppreciation Rates by Zip Code: Zillow ResearchCrime Rate: Avoid investing in cities on this list.Comparative Homeowners Insurance: ValuePenguinProperty Taxes: LendingTree (as an indicator of overall operating costs)The Importance of Local ExpertiseWhile research and data are essential, remember that general knowledge only goes so far.

When you stay there, you are essentially renting it from yourself, because you are giving up lost rents while you are there.

Real estate presents opportunities for tax planning which essentially boil down to depreciation/cost recovery.

So for the first property which will cost over $1 mil to construct, there will be stacked loans, essentially $280K will come from loan assistance program,( the name is not correct but the same idea).

Its essentially the same 2% that would be going to my agent if I had one.

Quote from @Ashish Acharya: @Sanjai Dayal If your LLC owns the commercial building and leases space to your medical practice LLC, it’s essential to charge rent at fair market value (FMV) to avoid IRS scrutiny.

The rates vary throughout the State because of the different millage rates and tax districts, but in Richland County for instance, the taxes essentially triple once it goes from legal resident to non legal residence.