Advanced tools like machine learning and AI enhance the accuracy and reliability of predictive models.Psychological Benefits of Thorough Due DiligenceBuilding ConfidenceComprehensive due diligence boosts investor confidence by providing a deeper understanding of risks and rewards.Supporting Subconscious Decision MakingData supports intuitive judgments and enhances the overall decision-making process.Reducing Fear and Increasing CertaintyBeing well-prepared with data reduces fear and increases certainty, leading to more confident decisions.ConclusionThorough due diligence is crucial for making smart and safe investment decisions.

If you are a Real Estate Professional this cap does not apply and hence why it is such a powerful status for tax planning.As @John Underwood said, Schedule C income categorized by "substantial services" such as turn down services, meals prepared, or special activities provided.

Looking back on where we started from, both working at fast food restaurants, I am honestly in disbelief and extremely grateful.

Even so, I am more prepared from an education perspective and ready to get my first investment property.

Hopefully I gave you some food for thought.

Additionally, borrowers should be prepared to work closely with their lenders and provide the necessary information and documents in order to get approved.

Although the nightlife and culture (museums/food/music) was a great and calming change from the busy metro area, I felt isolated.

You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year, not just when preparing your tax return.

Some food for Thought.Hardie board Mountain Sage........

If the value really is around $130K, I would expect this property to sell at auction at $60-80K, so be prepared.