I still consider land one of the best low-risk investments when purchased correctly.

I'm looking to buy my first rental property, that I would live in and use the BRRRR method on.

Things like this are why it's important to work with a professional who is well versed in real estate taxation because the "common/simple" strategies taught frequently like BRRR or house hacking actually get fairly complicated when it comes to handling it correctly. 

I think investors need to have the correct expectation going in or they will be disappointed regardless of who is involved.

Hello,Not sure if this is the right place for this question (if not, please let me know and I will correctly post).I currently rent out 2 homes.

Drew and Simon are correct.

Quote from @James Miller: Quote from @Chris Seveney: Quote from @Stuart Udis: @Ryan Blake These investments can be secured, or at least better secured if papered correctly.

I mean there are many segments of the population that consider this to be part of the global warming (or whatever the politically correct name for this is lately) political football, meaning you may offend some but you may also attract some.Have you thought of that?

Verify that the info of that landlord is correct through property records. 

A revocable living trust is another option for privacy and asset protection.Avoid gifting the property before death, as this would pass the original purchase price as the cost basis, creating a large capital gains tax liability upon sale.If the property is Subject A’s homestead, ensure the correct titling to maintain Florida’s homestead protection for Subject B.This post does not create a CPA-Client relationship.