As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year. 

The owners reached out to me from a direct mail campaign.

Hi everyone,I’m exploring a unique development opportunity involving my property and neighboring parcels, and I’d love some advice on how to move forward.My neighbor is currently in the process of building 54 townhomes on the property directly in front of mine.

@David PopeYou probably inherited a 5.6% interest in a partnership which owns the property, as opposed to having a direct 5.6% ownership of the property.

This approach would allow me to learn with each deal and minimize initial risks.2️⃣ Go Straight to Multifamily: Instead of starting with SFHs, I could spend time learning the multifamily business and go directly for a 20+ unit building, maximizing scalability from the start.I have no experience with either strategy.If you were in my position, which strategy would you choose and why?

Our partner, BJ & Traci Medlen, found this property through direct outreach.

Quote from @Daniel Saravia: anybody here had bought real estate using self directed IRA?

Some people love it, some people hate it.Benefit is once you get on the program the government direct deposits into your account. 

Hello Lisa, I'd recommend reaching out directly to the planning department.

@Tiffany McKinney Send me a direct message and I will give you my top 2 recommendations for real estate attorney in Houston, TX.Thank you