You are on site or very hands on, manage a small number of concentrated bets, are investing alongside me, and your day job is 100% focused on ensuring a great return for me.That's the lesson.

@Mic Salvador,Doing BRRRR out of state is going to be pretty tough, unless you’re willing to move there and live on-site for the duration of the rehab and leasing process.I run a turnkey operation out in Alabama and I saw that @Min Zhang already recommended turnkey as a possible alternative—have you given that any thought?

Jake and Gino have one you can download from their site, but it wasn't like the pitch decks I've seen for non-real estate investments; it's a little cartoonish and didn't make me want to become an investor with them.

For that reason I built a full-functioning cash flow model taking into account hard money, the mortgage refinance and all relevant operating expenses to assess monthly cash flow.

Trofimoff et alall of the information is from Pacermonitor, a site for court information.

Welcome to the site.

My resources may not be the best when it comes to what the market leaders are doing...Cheers!

I don’t have a lot of extra capital each month to invest in large-scale real estate opportunities yet, but I’m motivated to build up my resources and experience.

Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.

(Note, I'm not a tax professional or attorney, but have done a lot of research into this area as it is relevant to my personal situation with family members.