It sounds like you’ve got a solid foundation with your rental property, and I love the ambition behind your plans to build a property management and maintenance company—it’s a great way to take control of your investments while creating additional opportunities.Best of luck to you! 

In the 4 states I hold/held broker licenses, all required this knowledge (in BASIC form) for licensure, so the required educational courses should provide a decent foundation.  

To permanently affix a mobile home to the ground requires a foundation - just “tying” it down doesn’t qualify.  

It also can be great for keeping you motivated and plugged in to the industry.Even if you don't get a real estate license, consider taking the licensing classes because it will give you some foundational knowledge for how real estate law works. 5.

He told me that without installing a sump pump system (at a cost of $12k), the foundation will continue to deteriorate, which could eventually lead to bowing basement walls—an issue that could cost upwards of $50k to fix.The inspector asked if the previous homeowner disclosed any water damage.

Multifamily’s tempting, but without a foundation, it’s like skipping algebra for calculus.

While rental income is indeed considered passive under IRC §469, that doesn't prevent you from claiming a home office deduction if you meet the requirements.What You Need to Qualify: 📋A dedicated space used exclusively for managing your rentalsRegular and substantial management activitiesThis must be your principal place for conducting these activitiesThe Legal Foundation: ⚖️The Tax Court in Curphey v.

From my experience, taking it step-by-step has helped me avoid mistakes and build a solid foundation for the long term.

Again, if your $250k is true, and includes all the electrical upgrades, new plumbing runs, potentially new foundation pour (since I assume the existing garage slab is not capable of supporting a new two story house), I am guessing since I don't know the market, but assume you will have a lot of equity by completing the project.

With your background in real estate and property management, you’ve got a strong foundation for success in fix-and-flips and buy-and-holds.