These systems are now under tighter scrutiny as privacy laws globally begin to expand.Here’s how regulatory changes are directly impacting the real estate industry:Tenant and Buyer Data Collection:Real estate firms collect sensitive personal data such as Social Security numbers, financial records, credit history, and background information.

Here are the ways you can qualify for material participation per IRS publication 925: https://www.irs.gov/publications/p925#en_US_2023_publink1000...Material participation tests.You materially participated in a trade or business activity for a tax year if you satisfy any of the following tests.1.

As someone who's never invested in real estate before Puerto Rico is a very difficult place to start, since of how minimal public data is. 

Also, the rate at which new properties are being snapped up suggests that there is quite a bit of interest among the investing public.   

These loans are typically secured by real estate assets and can be repaid once your cash flow improves.Mezzanine Financing: This combines debt and equity financing, allowing you to borrow the needed funds with the option for the lender to convert debt into equity if not repaid on time.

@Pat Aboukhaled wife & I have thought this would be a great use of failing malls for affordable housing.Unfortunately, as @Greg Scott points out, many people take the path of least resistance, which can ruin the idea.So, you'd want security cameras and maybe even security guards to hold residents accountable. 

I’m looking for some guidance on my next steps toward achieving financial freedom through real estate.My long-term goal is to acquire enough rental properties to secure my financial future.

Go to a new home community, sell it out, then turn around and become a realtor and pick up all the resales since you would know everyone in the community and hopefully they all know love and trust you.As you consider brokerages to actually join, look to see if they are public or not. 

From there we decided on Melbourne because of job security with the space coast.

is this loan secured by your primary residence as a HELOC  or are you borrowing against your stock/bond portfolio ?