Whether it's conducting market research, evaluating potential properties, or assisting with administrative tasks, I am ready to roll up my sleeves and contribute in any way possible.

I'd speak with your CPA to confirm whether or not your wife can qualify as a real estate professional because that makes a difference in being able to use your losses from the cost seg study now versus rolling them forward.https://www.aicpa.org/resource...

Well @Tim Delaney, all you can do is roll the dice!

I saw no language regarding rolling the lease over after 10yrs. but the agent told me it doesn't expire until Feb. 2034 there was no additional lease signed and they are still paying my aunt the abysmal rate of $600/yr.

I'm sure the "my opinion equals 'reality' for everyone on the planet" attitude was also common among your grandparents' generation when you were young, a long time ago, and you probably rolled your eyes just as hard at their smug self-importance as we are now.

Enough for a downpayment on a small multi-unit.I think I understand I can roll this capital to a SDIRA, but for a buy and hold plan I won't get depreciation if property is held in SDIRA.

If his cars should inadvertantly roll out into the street thats good, the city will tow them away for free, otherwise you'll play hell getting rid of them.

Practice these answers until they roll off the tongue.

There are strict rules regarding this when using retirement funds.I found a great website showing the advantages of rolling 401k money into a self-directed IRA.

I set it up so that groups by tax categories and by property so it is a snap cone tax season.I have a seperate rent roll spreadsheet that has a tab for each property and one tab that has a running number on each property on this one page.I have customized this for my use and what my CPA needs over the years.So this is not something I would share but would be easy for someone to Google xx excel template and find a good starting point like I did years ago.