I just wanted to quickly clarify what the $149/year cost for Lula includes.

But that’s exactly why consistency is everything.I’ve learned that the faster you figure out what works (and what doesn’t), the better.

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Seems to me you might be better off structuring this as a purchase immediately with immediate transfer of title with a 300K down payment.

@Beau Wollens A bit late to reply, but please tell me you bought this deal.

Did you just use all your cash on a new acquisition?

Explain to me, so I understand.

I've been watching from the sidelines for years and it's time to get over the fear of failure.So, that leads me to a couple of questions for the group:1.

What made you interested in investing in this type of deal?

Curious why any tax pro would argue with that.If filing state tax returns did not take any time or money, then there is no harm in filing them.