This historical division of roles might lead to CPAs being excluded from initial discussions.Perceived Scope: GPs and attorneys may perceive the initial structuring phase as primarily legal in nature, focusing on regulatory compliance, fund agreements, and investment structures.

Had bought a house to do a simple interior face lift, added mini splits, things of that nature.

Remember, many (if not most) off-market properties spoken about in the investor sphere are not going to be in tip-top shape, and are, by nature, distressed in one way or another, often times condition and deferred repairs.

If you would be open to having a quick chat or something else of the nature, please send me a DM or connection and I'd love to talk! 

I only invest in areas that we would live (me, my wife and our little daughter), and for us that means we naturally avoid D areas. 

Just the nature of real estate.) 

The fact that you held it for longer than one year does NOT determine the tax treatment.

I expose myself to other stuff for the sake of a natural curiosity and to gamble a little.  

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

As I've told you before, I have  never referred to myself as a "guru" or anything of the nature, . . . ."