I will post the before and after pictures, hopefully it can help anyone starting this journey, we are new investing out of state but NOT new to handlining construction project out of state for clients, looking forward to the challenge!!!!

It’s strange because most people, including me, think it should take about a year to get a deal.He’s faced some serious challenges—he’s been homeless, tricked out of deals, and more.

Not owning your rentals through an LLC exposes you to more risk, even if you have an insurance policy on rentals.However, as a new investor, you may encounter some challenges and opportunities leveraging the LLC.

If they're not challenging you, or your personalities don't mesh, be prepared to give them honest feedback.

Do you find that this process pays off in terms of fewer headaches or challenges later in the project?

To support some of the challenges some residents may have that feel they conserve while others don't, you can also take the # of occupants and the square footage and come out w/a higher ratio for larger units w/more people.  

I invested 50K in a syndicate. They used cost seggregation and put 50K as losses in year 1.  This showed up in box2 of K1. My CPA put that as loss in my tax return and carried it over.Next year they sold the property ...

It sounds like managing a portfolio in the DFW metroplex presents its own unique challenges.

While investing out of state can be more challenging since you need to put together a local team, it also offers many rewards and can make it easier for new investors to get started!

He found it challenging to get comprehensive info on their historical performance and the underlying assets.