@Steven CatudalI'm in Birmingham and invest in Birmingham, be careful when choosing properties, the house values can change by street sometimes. 1.

If you do a 506c for example assume to create the PPM, subscription agreement and docs will cost between 10-20k. 

Not all loan officers are created equal.  

I figure REI is like most other things in life… hard work and persistence will get you there.

Hell, i've seen attorneys volley contracts back and fourth with each other for months on end arguing things like the meaning of the word "the" in "the contract".....All while racking up those $500/hour billable hours of course.Case and point, I won't change your outlook on the industry.

Reporting begins when it's placed in service, not when it’s first rented.This post does not create a CPA-Client relationship.

Any tips, warnings, or real-life lessons are welcome! 

It's important to stay informed about developments in the areas you're considering, as well as any potential changes in regulations or economic conditions.

However, Opportunity Zone investments require careful structuring to ensure compliance.Evaluate your priorities: If starting a business is the main goal, proceeds from your primary residence (with the capital gains exclusion) might provide the simplest funding option.This post does not create a CPA-Client relationship.

We still end up doing a few things like upgrading appliances or installing recessed LED lighting and dimmer switches and other life-style upgrades to attract top-notch tenants.