If so, you should check out our Austin Investor Social Hour next Thursday at 7!

The pre-foreclosure status is to be cured before the end of escrow, whenever it happens.

@David O'Sullivan JrRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

@Alex NARecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Hey everyone,I've been learning about attaining the real estate professional status (REPS).From what I understand, if I own the property, and if I self manage it, then I should just about automatically qualify for REPS. 

I would first start looking at the various strategies for saving massively on tax, mainly the short term rental loophole and real estate professional status and then decide if these strategies align with your goals.

Hey Joey,Cost Segregation and REPS: Yes, you can perform a cost segregation study once your wife qualifies for Real Estate Professional Status (REPS) and use accelerated depreciation to offset your W2 income in subsequent years of renting the property.Purchasing Another Property: It can be beneficial to purchase another rental property within the first 5 years to continue maximizing depreciation deductions.

It will be under the Tax ID,but they will need your (and any other significant owner of the entity)'s social security number and probably a personal financial statement on each of you.

Investment Info:

Other buy & hold investment.

Purchase price: $120,000

Cash invested: $60,000

417 old falls blvd is a multi use property having office/ warehouse spaces on 1st floor and a 3 bed 1...

Do not pay down the mortgage if you're happy with the status-quo.