We have started down the road of fixing the place up, because we have a strong personal relationship with the seller, but it's time to get this in writing and set this deal up legitimately.I'm going to jump on YouTube and watch some Pace vids, but any other suggestions, resources, etc. would be greatly appreciated. 

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

Assess your liquid savings (cash, short-term investments) and allocate a safe portion for your real estate investment.

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

Here are some ideas to get you started:1.Educate Yourself: Start with the basics—read books, listen to podcasts, and watch real estate videos (BiggerPockets is an excellent resource).

So, from that perspective, I like the idea of "involuntary conversion provisions" to not have to deal with increased "income" in 2023 (because of the insurance payments) and huge "expenses" in 2024 (because of paying the contractors).I thought that has nothing to do with CSS, partial dispositions, having to "retire" the old assets and start tracking the depreciation of the new assets (after all, the CSS allocated 5K to the old roof covering, and we paid 18K+ for the new roof).

This is a great place to learn and to connect with people so take advantage of all the great resources.

Just search on BiggerPockets - there's a ton of great resources- I would HIGHLY recommend using a leasing agent to find you a tenant.

$1,500 per entity may seem high at first glance, but the cost can vary significantly depending on the complexity of your tax situation, especially with multiple LLCs, state filings, and the need to correctly allocate capital contributions and losses on the K-1s.

You should utilize resources like BiggerPockets, build a team, and use online platforms to find potential properties.