First, obviously leverage is the MVP, but this isn't my first interneting, I know controversial titles get more attention.
Second, I’m a recent convert to Pocketarianism. Bogleheads was the source of most of my forma...

5 tips i should keep in my mind when buying  rental property? 

With SIMPLE in mind were going to focus on Townhomes.

@Greg O'Brien - Do you mind sharing your company details? 

These are good questions, but keep in mind that a month of obsessive research is still the absolute tip of the iceberg.

My long-term goal would be investing in large scale hotels, I know I know, that's quite ambitious, but I don't mind starting small and working my way up there, as long as I start from somewhere!

Just sent you a connection request, would love to hear more about your experience in Rogers Park so far

The Detailed Engineering Cost Estimate Approach is typically used for the purchase of used property.SURVEY OR LETTER APPROACHOnce a site inspection has been completed and all components of a property have been determined, your specialist will send a survey or letter to the contractors or subcontractors to request they provide the cost of each of the items.

With that in mind, you should have a decade or more perspective when you buy.

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.