From what I’ve read in the Street Journal, this part of Austin is set for steady growth in the next decade.A buddy of mine - let’s call him Jeff..picked up a couple of lots near Del Valle back in 2021.

I have it all set up for a 1031 exchange and I am now under the 45 day countdown.

You’re building a thoughtful plan that’s set up for success.

If none has been set up yet, it may be urgent, depending on your situation.Reimburse the owners for business expense.

I don't have the skill set YET to gauge rehab costs and try to BRRRR, but I'd like to learn.This is definitely a choice but my option is that you will do better if you focus on duplexes and cherry-pick a few SFRs as you come across them.As for your Strengths, it sounds like you have an excellent ability to save and your ability to bulk analyze data will serve you well to identify big-picture areas, property types, and characteristics to focus on.I like that you realize the first investment will not be your best investment.

So if the partnership would not be allowed to purchase the entity together and I were to buy it, if we were to force our way down this road, would be to set up a legal agreement beforehand, I would buy the property since a partnership can not, and then the exchange for  ($$ + assigned roles + etc), my partner receives 50% equity?  

If it’s not a partnership or other entity then the balance is not that important, but if you’re already reconciling books and have A solid set of books it’s best to provide the balance sheet.

If that doesn’t get a response, you could offer to split the cost since it’s a shared liability.If they still don’t respond, you might have to handle it yourself for peace of mind — as frustrating as that is.

@Guenevere F.When I started in rental property investing, I found it crucial to set clear goals, leverage existing skills, and focus on scaling gradually.

My focus is on purchasing a single-family home to set up a lake house or cabin to own and self manage from my home in Bergen County, NJ.