Focus on building a network of contractors for repairs, set clear boundaries for house hacking, and take advantage of tax benefits.

Add to this the new rail link from Cancun to Chetumal stopping at Tulum which is planned to open by 2025, at which point property values will soar, making right now the optimal moment to get a foot in the door.Back to us, Lichterman Rogers Development Partners (incorporation pending): We are all set up and ready to roll offering design, management, legal and facility management services, and are looking to find individual investors as well as major equity partners to get our first development off the ground.

DT Long Beach: beachy urban setting with smaller units 1bdr; close to tourist attractions, and thinking I can STR one unit; BUT high crime rate (90 percentile); properties are older but more attractiveIs it better to go into a slightly better neighborhood in boring Riverside or a more crime ridden area of cool kid Long Beach?

@Keaton Sheffert In my town there is a very specific set of criteria for getting either a Special Exception or a Variance for a proposed change to the zoning.

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.

I started with a Michigan LLC/LP entity set up to hold the properties.

Currently I'm using propstream, I was having some issues getting my account with batchleads set up and their service hasn't really been the best with assistance.

Flipping is probably a little more intense, but can still be done with a day job, but again, my average flip versus my average rental: flip has made much better returns.And as for generational wealth and handing down something to your kids... well, I guess I view it as: if I can hand my kids a $10mm trust fund held in public securities, or $10mm real estate portfolio, they are going to be pretty set either way, but a real estate portfolio will continually have costs and work, a brokerage account is a bit more set and forget, with some periodic rebalancing.

What if you have a bunch of money in Bitcoins and North Korea sets off a nuclear bomb that takes out satellites and shuts down all communication, computers, etc. then Bitcoins aren't going to be too accessible will they?  

By way of example, a lender may charge retainage, only release soft costs upon C/O, may limit loans to a set number of draws or only allow draws once a certain dollar amount of work has been completed.