Attend local meetups, analyze at least five deals per week, and connect with investor-friendly agents to position yourself for success.

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

Also Mid-Term Rentals to traveling professionals, people displaced for insurance reasons, or doing a renovation to their home and needing a place to live for  3 months or more are also possibilities.

I imagine it would also have a lot to do with your long term goals in real estate.

Building long term partnerships and not a one time deal.

The Section 8 process involves more paperwork and effort upfront, but it can be a good long term strategy if you're looking for stability.

No matter what way you choose to get started, if you are consistent and dedicate time regularly, you will be set up for success for years to come.

It took some digging, working closely with a title company, and negotiating with multiple parties to get it resolved, but in the end, it was a great learning experience—and a successful deal!

As you already know, anything under $65k will likely require a heavier lift in terms of repairs, but that’s where you can create the most value.

For this reason, I typically recommend using series LLCs for single-family homes, where the structure can be more practical, and keeping commercial properties in their own separate LLCs for simplicity and to avoid unnecessary complications.In terms of management, I always advise structuring the series LLC with a separate management entity to address the concerns you raised.