When you charge under market rent, the IRS deems that you do not have a profit motive and, therefore, disallows all rental expenses. 

Renting to a friend can complicate things, especially if you're starting below market rent.

Study the market.

I started my real estate career in 2014 working in marketing at PPR Note Co. with Dave Van Horn.

I’m reminded of a buddy of mine who moved from Brooklyn to Scottsdale.. he initially thought the desert was just cacti and scorching heat, but soon realized there’s a thriving market here with pockets of real oportuntiy.Working with an investor who’s ready to spec build is a fantastic way to dive in.

Strong Potential for Long-Term Capital AppreciationGermany's real estate market has demonstrated a strong track record of capital appreciation.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

We had to wait approximately 6 months to finally receive it within our own account   He also did not begin marketing our unit until late November 2023, which was ready to market immediately upon hiring Jeff. 

CT spots like Bridgeport and New Haven also pop up a lot in conversations about good starter markets.

How true is this, and how could that affect my real estate strategy if I were to enter the Texas market as a Washington State resident?