RELATIONSHIP WITH YOUR ADVISORS 🤝Good QIs:Work well with your teamRespect professional boundariesCommunicate clearlyStay in their laneRemember: The best QI relationships are professional, not personal!

Banks like proof the funds were in a bank well before closing. 

👏Regarding subcontractor contracts, it’s essential to have a well-thought-out document to ensure clarity and protect all parties involved.

You can indefinitely defer the tax and use it to purchase nicer property/properties, as well as not have to recapture any depreciation.

I am doing by the room as well and it has been a struggle to find a pm that will manage it! 

It sounds like you navigated the challenges well and gained valuable lessons for your next venture.

That's my takeaway as well.   

There's so much information here on BiggerPockets as well as the podcast and books and other websites, books and blogs too that are either free or very cheap. 

The short version: save money while educating yourself on how to invest in real estate wisely, buy an investment property, learn how to manage it well while educating yourself on how to manage it better, save money . . . rinse and repeat.You don't mention where you are (education, income, experience, etc.) or where you want to go, so I can't tell you how to get there.

ya Open door capital struggles are well documented..