However, the enthusiasm for this venture is undeniable.

Advanced tools like machine learning and AI enhance the accuracy and reliability of predictive models.Psychological Benefits of Thorough Due DiligenceBuilding ConfidenceComprehensive due diligence boosts investor confidence by providing a deeper understanding of risks and rewards.Supporting Subconscious Decision MakingData supports intuitive judgments and enhances the overall decision-making process.Reducing Fear and Increasing CertaintyBeing well-prepared with data reduces fear and increases certainty, leading to more confident decisions.ConclusionThorough due diligence is crucial for making smart and safe investment decisions.

Start with that, then if those don't work you can venture into the Hard money and all the other fun stuff.you can always consider bringing on a partner as well, you seem to be able to offer the time and research needed.

If you are a Real Estate Professional this cap does not apply and hence why it is such a powerful status for tax planning.As @John Underwood said, Schedule C income categorized by "substantial services" such as turn down services, meals prepared, or special activities provided.

This is why this venture is a bit scary....

However, be prepared for management challenges with 12 units, consider the market's volatility, and acknowledge potential liquidity limitations.

Even so, I am more prepared from an education perspective and ready to get my first investment property.

I jumped on the opportunity thinking that this was going to be a surely successful venture.

Additionally, borrowers should be prepared to work closely with their lenders and provide the necessary information and documents in order to get approved.

I came to the realization that joint venture partnerships are an awesome strategy.