What strategies or lessons did you learn along the way?

Hello all,My name is Slavik and I'm a new out-of-state investor looking to invest in Jacksonville, FL.Currently focusing on single-family houses, without a specific strategy in mind.

Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.

Point is, to just buy and hold for eternity is not good strategy or math.

As you embark on this adventure, it's important to equip yourself with knowledge and a solid strategy.

Solid strategy!

There are a few strategies you might consider to accelerate things.One option is a cash-out refinance.

The "big" firms like AA may get a lot of hype but they generally can't compete on the next level tax strategies (Family office type strategies) nor customer service as their employee turnover is quite high.  

We were very clear that we were looking for strategies and why and it all sounded good in the initial interview.

They must satisfy "material participation" test for their STRs to utilize the strategy.