By nickel and dime-ing it I did not mean we were buying cheap or low quality properties, I meant we were adding properties as they became available in neighborhoods where we were already invested.

This might sound rude (it isn't meant to be), but it makes no difference to me whether someone decides to do it or not.

I’m genuinely curious about this perspective.I meant this would affect Bryon City, Cosby, Cherokee, Blue Ridge, etc (Cabin/Mountain Markets in the Area).

I meant it like you said, so I gave the five traits to back up their persona.Cheerleaders are great to have, but I find that a lot of new investors only want that because it feels better.

I meant yearly K-1 reports showing yearly income from cash flow (prior to year of sale), would those be taxed as ordinary income please?

Yeah for sure, I meant to say that buying in the U.S. you might be able to self manage if you want but international you probably don't have the option but I didn't express that super well.

Here's a timeline:December 15, 2021: Land purchasedJanuary 14, 2022: Closed on loan with Center Street Lending + First deposit made to Delta BuildAugust 25, 2022: Permit approved by the cityOctober 21, 2022: I was informed by Delta that my loan with Center Street Lending was cancelled (which meant that I lost around $15k which I had used to fund the initial loan) and that I would need to find new source of financing and that the Draw 2 was now due.

WHEN (yes I mean WHEN not if because over 30+yrs it happens many times) when the market has a drop for whatever reason be it a bad election, war tensions, someone sneezed on there terminal and HFT's went bazerk selling, whatever the cause, WHEN the market drops you get a "Margin CALL" and next thing ya know there not just selling off those leveraged positions BUT there selling em off in the drop, at the lowest price, amplifying losses, all those returns going out the window in moments.     

This is especially important when owning rental properties or managing flips because it minimizes your personal liability.However, many people stop at forming an LLC without considering the potential tax benefits of electing S-Corp status.

Hello,I have invested in a few properties meant for long-term renting.I have also since started a rental property management company that operates in areas we know very well (ascendiadynamics.com)Porto and Lisbon are very expensive areas at the moment.