@Reid Ervin Great questions—there’s a lot to unpack here, but I’ll share what I’ve learned from my own experience, especially from a flip turned BRRRR, that I partnered on last year in Longmont CO.

The ownership could be changed prior to structuring the parking arrangement, but last-minute changes without time to season the ownership change would significantly increase the risk the transaction could be disallowed as a step transaction under audit.

We used The Real Estate CPA last year and were pretty displeased.

I love finding deals and helping people pursue their goals. 

For a little background - I have been taking a big loss on this property for the last year for reasons out of the control of my property managers.What would you do in this situation?

That’s okay—what’s important is understanding the "why" behind your investment decisions.While your accountant’s suggestion is a great starting point, make sure investing aligns with your own goals and situation—not just because someone else is enthusiastic about a particular strategy.

I have partnered with individuals on fix and flips but my goal for 2025 is to buy my first LTR.

I've been in the investment space almost 9 years now, and been actively investing in flips myself, the last year.

Understanding their motivations allows you to frame your offer in a way that aligns with their goals.

Through the years he enjoyed positive cash flow with the last ten years cash flowing at about $17,500 annually.