Definitely agree that the framework Brandon uses to analyze deals is a great starting point!

This is also coming from the framework of my local market (Omaha) which can’t sustain as of an average cost per night as someplace more touristy.

For one thing, it forces you to have an operating agreement, which will either keep you out of court with your partner or give the judge a framework to work with when settling your dispute.  

It's a framework you can use to help weigh and filter your options.

DM me, happy to send you some examples of ones that really stand out but still leverage the high performing Carrot framework. 

He teaches some really good core principles about managing money and provides a great framework to live your life.

I explained the basics of depreciation but most importantly, I tell new clients that if they are not working with a tax strategist to set up a framework for them, they're leaving a lot of money on the table.John, I hope this gave you some ideas.

And laws can vary a lot from state to state and even in the same state from year to year.Staying on top of the tax law changes for all different entity types (individuals, corporations, partnerships, etc.) is difficult enough for one state, and it's just not possible to do so for dozens of states.Sure, if I am working with a client in Tennessee on a particular issue, I can do my research and come to the right conclusion, but that knowledge won't necessarily be top of mind for me like it would if the client were in California, and there may be planning opportunities that I miss because my TN tax framework I have in my head isn't second nature like my CA tax framework is.Of course, the issues where in-depth state tax knowledge comes in handy typically don't come up when working with your typically BP newbie.Reason 2: networkAlso, a local CPA typically has a network of professionals that they know and trust that you can tap into.For example, as a California CPA, I have a network of lawyers, agents, etc., that I can refer my California clients to.I can't say the same for most other states, although I do have (limited) networks in those states when the needs arise.Conclusion: look in-state for a local tax professional (CPA, EA, etc.) who is knowledgeable about real estate investing, preferably an investor him- or herself.  

There is no metal siding, metal framework, or trailer hitch. - Built and installed in 2003 on a permanent foundation.- 2.3 acres with outbuildings.

The framework is clear.