Make sure you’re clear on how financing works and what your monthly payments will look like.Property Condition: Assess the age of the property, maintenance history, and any potential repairs or upgrades that might be needed.Due Diligence: Work with professionals, like a home inspector and a trusted real estate agent, to ensure the property is sound and fits your investment goals.Analyze the Neighborhood: The location can make or break your investment.

When your tax professional prepares your 990t they will utilize the Cost Seg to minimize the UDFI tax. 

Readers should seek professional advice.

Something to consider is that you mentioned you had a day job so I’m assuming you’re not a real estate professional.

Furnished Finder has different types of renters but traveling medical professionals is one of the largest tenant types that use the site to find properties

Lots of good advice above- I think an active, professional network of pros that know and trust each other is essential.

Having a safe forum for LPs the share their experiences is needed.Cheryl  In EVERY business there are two kinds of market participants; the people/companies in it for the long haul, through both good and not so good economic times, consisting of EXPERIENCED, PROFESSIONALS whose careers are dedicated to and dependent on fulfilling the needs of their clients/customers.The other type of participant are in the particular business because it’s OPPORTUNISTIC for them to be in it AT THE TIME.  

Readers are advised to seek professional advice.

In 2017, we want to try to qualify my husband as a Real Estate Professional.

And while someone paying a professional to do a detailed and relatively costly search may be able to ascertain your wealth status; a superficial search would probably leave the potential plaintiff believing you lacked the assets to make a lawsuit worthwhile.