Start small, learn from your mistakes, and adapt as you go.𝗕𝘂𝗶𝗹𝗱 𝗬𝗼𝘂𝗿 𝗡𝗲𝘁𝘄𝗼𝗿𝗸: Connect with experienced investors, mentors, and professionals.

Always consult with a tax professional or SDIRA custodian before making changes to avoid triggering unintended tax liabilities.This post does not create a CPA-Client relationship.

Focus on connecting with investor-friendly professionals like agents who understand investment metrics, lenders experienced with DSCR and creative financing, reliable contractors, and a solid property manager if you’re not self-managing.

With a syndication it's more passive, you partner with professionals and can access larger and higher quality properties.

Readers should seek professional advice.

Find ways to increase income periodically to get the most out Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Real Estate Professional Status (REPS) or material participation in a short-term rental (STR) could allow rental losses to offset capital gains.

With several large universities, including the University of Pennsylvania, Temple University, and Drexel University, the city has a steady stream of students and young professionals looking for rentals.

Readers should seek professional advice.

Looking forward to growing together and making professional and meaningful connections!