Starting small through house hacking, long-term rentals, or flipping helped me gain experience without taking on too much risk.

If you can get hold of a reliable and honest builder, you will be fine (that does not mean you will not go over budget).Low CapEx, Little Hassle, Quality Tenant, You can manage new construction out of state for the first 5-years, Tenant May Stay longer (because is a brand new house) are few benefits of new construction.You may not be able to get close to the 1% rule though.Goodluck

It is very important that you need to know as well as be familiar on the rules of the 1031 exchange if you want to have this for your own benefit as an investor.

I hope your middle finger behaved as you left the building for the very last time ;-)On a serious note, with the experience you gained on your journey, can you tell us your Top 3 do's and don't as one tries to accumulate RE.  

But I wouldn't be surprised to see us settle in the low 6.00% range.I have some aggressive bets in stocks and long duration bonds that will benefit if/when that happens.

Other than that usage, there is little benefit to a typical investor having a RE license....

And the menus and sub menus and configuration options to view the stats are confusing and different on laptop or phone 🙈Is anyone getting any benefit from the Airbnb stats???

Focus on cash flow and exit strategies, and consider starting with a smaller project to gain experience and minimize risk.Good luck!

@Bao Vu The purchase price and related expenses from 2023 should be included in the cost basis for the flip sold in 2024, reducing your taxable gain.

It won't be as much death benefit as you have now, but it's better than losing the money completely.