Be ready for continuous learning and remember that networking is essential in this industry.

If the sellers aren’t willing to update records or make necessary improvements, it’s essential to weigh the potential risks and long-term impact.

This is essentially the spot I am personally in now.

High earners should also consider estate planning tools like trusts or Family Limited Partnerships (FLPs) to minimize future tax burdens.Given his income level and tax complexity, consulting a real estate-focused CPA is essential to maximizing deductions and optimizing tax efficiency.This post does not create a CPA-Client relationship.

With single family investing it's about finding properties at 50-75% of "retail prices" in a neighborhood and then renovating them to improve them to "force equity" and then refinancing to pull out cash - essentially a BRRRR.

Renting the farm to them at fair market value with a formal lease is essential.

When considering a vacation rental property, it’s essential to have a backup plan and understand the numbers for annual leasing.

Essentially, worst case, how many months can you carry the property?

But the fact remains that you would be paying for 3 loans essentially.  

For instance, sourcing cash flow deals is essentially nonexistent in affluent metro ATL markets with high employment, exceptional school systems, and attractive nearby amenities.