I’ve been part of the BiggerPockets community for a while, but this is my first post. Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:
A triplex in MaineA s...

Quote from @Brandon Morgan: hey guys I am new to real estate and I just got my first rental property this past year and have tenants and things are finally stable now.

Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elements and roofingBasic HVAC componentsWater heatersFire protectionThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

We use Zillow applications to pre-select and run a full background check on mysmartmove only with the final candidate.

There is a quick calculation tab for a ten minute analysis but it is capable of far more than that in my opinion. 

What would you recommend when I finally do begun to build my network?

.✅ This avoids wasting time screening unqualified tenants.3) Before Lease Signing (Final Step)✅ Run the background check before approving the tenant, so you can verify:Credit history & income stability Eviction & rental historyCriminal background (if applicable in your state)Final ThoughtThe best time is after the showing but before lease approval—this ensures you’re only screening serious applicants while minimizing wasted time and costs.

The auction will often take place at the property although these days that's usually combined with an online auction that starts up to 2 days before the final bid is accepted. 

When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan me and my husband are thinking bout:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.

.: Quote from @Jamie Parker: Finally got a walk thru of the property, now I don’t want to make an offer.This year I have been very intentional about input:- Phone calls- Conversations- NetworkingAfter a conversation with a large local home buyer in Memphis, I found a property that may fit their model.