For those who don’t know me, my journey into real estate wasn’t just about financial gain—it was about transformation.

You might consider: Consulting a Real Estate Attorney – Your emails may possibly prove misrepresentation.Requesting Public Records – A FOIA request might reveal why the city denied you but later approved the duplex.Escalating to City Officials – Bringing this to local officials could expose inconsistencies.Exploring Tax Write-Offs – A CPA might help offset your financial loss, if it is possible.I’d definitely seek legal advice.

You want to be careful not to bite off too much on a first purchase so maybe if more four units or less or available that could be a better starting point with less risk and more ability to learn without potential loss.

This distinction is crucial.Most personal lines insurance carriers and agents—such as Allstate—are required to report claim inquiries to CLUE (Comprehensive Loss Underwriting Exchange).

In this case, the LLC will file taxes as a pass-through entity, meaning the income or losses will be reported on your personal tax returns, and each partner will report their 50% share of the profits or losses on their respective individual tax returns.To make sure you’re doing things correctly, I recommend consulting with a CPA who specializes in real estate investments, as there may be strategies to mitigate tax liabilities or specific deductions you can claim related to the flip.

This means that in some markets, while home prices have increased, the increases have not kept up with inflation, resulting in real price loss.

Additionally, structuring your investment in a way that provides legal and financial safeguards is essential to avoiding the types of horror stories we’ve seen all too often over the years.

I am trying to simplify and automate as much of the bookkeeping process as possible.The core features:- Bank linking using Plaid (less reported disconnection issues than Stessa's integration)- AI transaction categorization- Automated mortgage breakdown into principal, interest, escrow- Profit and Loss, Cashflow and Schedule E reporting by property- Recurring transaction tracking dashboard- Receipt uploadingPlanned Features:- Balance Sheet- Receipt scanning- Cashflow projection- Collaborators- Turbotax exporting

I'm curious about which might lead to quicker financial gains?

It usually results in a great return or a large loss, with not much in between.