I have a multitude of questions on how I should be allocating my money...

I'm new to the real estate game, and I'm making a hard pivot in my financial strategy on where to allocate my money.

I would decide on how much money you want to allocate towards mailing, don't spend everything to find a property and be left with 5k when it comes times to actually buy it!

If it was because $60k of the $300k was allocated to land - then it's correct.

@Jason VelieCareful planning is required for you to take advantage of the benefits provided by qualified opportunity zones.There are a couple requirements of a QOF1) Using capital gains to fund the business2) buying a property within a qualified opportunity zone3) proper allocation of business assets(QOZ property vs non-QOZ property)4) Proper amount of rehabilitation done to the property5) holding periodGood luck!

Proper allocation of QOF assets5.

And not all gain might be recaptured, if allocated properly.

Hopefully there will be some sort of funds allocated from this next stimulus that address this issue for landlords.

Without doing a deep dive into the deductibility of the expenses you mentioned, I would say that the expenses which are not easily allocated to a specific property (I call them "peanut butter expenses" because they are spread around) should be run through the holding LLC.

@Cal HartyThe great thing about partnerships is that you can agree to whatever partnership agreement that you want.With that said - I would look for an allocation where you get some interest rate on your contributed capital and then some split between the rest of the income.