If you plan to invest in multiple states or require advanced asset protection, consult a CPA or attorney to explore options like a holding company structure.

If you have any tips, resources, or advice for someone just starting out, I’d greatly appreciate your insights.Some specific things I’m working on right now:Building a strong buyers list.Identifying motivated sellers and honing my outreach.Learning the ins and outs of structuring win-win deals.I’m open to partnering, collaborating, or just grabbing coffee to exchange ideas.

The land has slightly increased in value (by like maybe 3-4% over 3 or so years) but the value of the structure I'm pretty sure has gone nowhere. 

Replacement cost would be what it costs to replace the structure.  

It's a little different but structured properly it beats the work, hassles and uncertainties of flips.

If you don’t owe then, everything is profit without paying overhead depending on the structure of your lease.

., structural updates) can be added to your basis, while maintenance costs are deductible in the year paid.Since bonus depreciation is now at 40% for 2025 and 20% for 2026 under the current law, future real estate investments will have fewer upfront depreciation benefits.

He ensured that the structure, HVAC, plumbing, and electricity were well-maintained, and rarely had anyone coming in for maintenance fixes.

The drawback is you need to build trust and relationships upfront.Both have their place, but private money tends to offer more flexibility, while hard money is more structured and accessible if you lack personal connections.

@Rene HosmanThank you for reaching out and give some clarification for the PP structure.