Its money well spent land development is high risk high reward.. depending on Jurisdiction. 

Question for any and all.. we have had trouble finding a real estate investor friendly CPA, one that proactively wants to help us learn and obtain all the tax rewards with real estate. 

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

In the end my tenant received a reward for being respectful to my property and I am now have this unit locked until next year with a small dip is gross rev!.

Many I have seen have more of a Reward over Risk thought process, get $ quick mindset basically but don't realize the risk, time constantly following up and sleepless nights wondering and waiting all for a small fee. 

In the long run it will stabilize, but energy cost to reward gap is getting closer, faster.Good point about controlling the exchange rate, I'll look more into thatIf by wealth you mean cash reserves, this is regulated by government.

There’s no risk and all reward because if somebody can’t provide ID, they’re not going to be able to rent from me anyway.  

First of all, congrats on taking the leap into vacation property investing—it’s such an exciting journey, and I promise, with the right guidance, it can be incredibly rewarding!

With reward, there are always risks involved.

It’s a matter of Risk Reward.