Advanced tools like machine learning and AI enhance the accuracy and reliability of predictive models.Psychological Benefits of Thorough Due DiligenceBuilding ConfidenceComprehensive due diligence boosts investor confidence by providing a deeper understanding of risks and rewards.Supporting Subconscious Decision MakingData supports intuitive judgments and enhances the overall decision-making process.Reducing Fear and Increasing CertaintyBeing well-prepared with data reduces fear and increases certainty, leading to more confident decisions.ConclusionThorough due diligence is crucial for making smart and safe investment decisions.

If you are a Real Estate Professional this cap does not apply and hence why it is such a powerful status for tax planning.As @John Underwood said, Schedule C income categorized by "substantial services" such as turn down services, meals prepared, or special activities provided.

However, be prepared for management challenges with 12 units, consider the market's volatility, and acknowledge potential liquidity limitations.

Even so, I am more prepared from an education perspective and ready to get my first investment property.

Additionally, borrowers should be prepared to work closely with their lenders and provide the necessary information and documents in order to get approved.

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year, not just when preparing your tax return.

If the value really is around $130K, I would expect this property to sell at auction at $60-80K, so be prepared.   

I'm both an investor and an agent, and I can tell you that, as a buyer's agent,  I'd be more annoyed that my buyer skipped over me and contacted a seller or listing agent directly than I would be by being asked to prepare an offer.

@Ramiro De Leon Congrats on taking the first step of saving up money and preparing yourself for your first purchase!

It makes it easier for bad actors to commit fraud on their application.The article does say "The report will be made available to landlords at no cost and will have to be prepared by a consumer credit reporting agency" but landlords should be able to verify that somehow and ensure there have been no changes.