Knowing this information will help you identify the right professionals to bring on board.At minimum, your team team should include:Financial Advisor: to help with investment strategies - portfolio diversification and risk management.Real Estate Agent/Broker: to help with property acquisition and market analysis.Accountant or Tax Advisor: to help manage financial records, tax planning, and optimization.Attorney: to provide legal counsel for contracts, agreements, and investment structures.Mentor or Coach: to offer guidance, insights, and industry knowledge.Networking and Relationship Builder (for everything else you will need): to connect you with potential partners and collaborators.

Boomers are looking to retire in masses, so you have a huge pool of potential sellers.

Assessing how critical this location is to their expansion plans is essential.The Investment Considerations Lease Expiry: With five years left on the lease, your strategy should account for potential vacancy risk.

He didn't have much downside in terms of potential losses, and I could be somewhat passive and protected legally (he owned the building site etc. and took care of liability). 

Quote from @Preet Sekhon: Just wanted to flag something potentially impactful for real estate investors: it looks like 100% bonus depreciation might be making a comeback next year.

Since you’re looking for landlord-friendly states, consider areas in the Southeast or Midwest, where affordability and cash flow potential are often stronger.I agree.

The DSCR loan is a great tool because it's looking at the income potential of the property, not just your personal finances.

If its a log cabin it might have trouble qualifying for the refi - would be smart to get some opinions early if that is your gameplan - would likely be a bigger potential hurdle than the gift/original purchase process

I’m stuck when I try to run numbers on a potential deal, how do you generally estimate rehab costs?

Any year I do this in the future there is a 2 year look back for health care cost.