If you want please feel free to add me to your Network would love to be part of the team and I am always happy to help and offer advice or tips on my side of the finance part of things!

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

That alone can kill a deal due to over the Max DTI limit.A cash out refinance is tax free and its an immediate liquid reserve so it can be used as an Asset or PITI reserves.

Take the tax free sec 121 first and then 1031 the leftover.

One tip is to start looking into meetups to connect with investors / others in the REI game (in person/online).

In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”Under MACRS, depreciable assets are assigned to different classes, with each class having a specific recovery period.

Syndication investing is awesome, it has given me sp500 beating returns for 30 years, fantastic tax benefits, great geographical diversification, a wealth of knowledge about this country and the economy in ways that a nerdy science type guy like me would never have known about.

In order to defer all tax you must purchase at least as much as your net sale ($500K ish). 

If not on the MLS, they have to be about to be foreclosed on, way behind on their property tax or some situation that MAKES them HAVE TO sell.Same with rentals.

If you have any tips, resources, or advice for someone just starting out, I’d greatly appreciate your insights.Some specific things I’m working on right now:* Building a strong buyers list.* Identifying motivated sellers and honing my outreach.* Learning the ins and outs of structuring win-win deals.I’m open to partnering, collaborating, or just grabbing coffee to exchange ideas.