For reading, check out "Tax-Free Wealth" by Tom Wheelwright—solid, foundational insights on leveraging tax laws for real estate.

I am not super familiar with the laws and what it takes to get it permitted but I am thinking of putting my time and focus into getting this done and having the property listed as a "Duplex". 2.

Knowledge of real estate principles, real estate law, and real estate finance3.

read up on short term rentals & check the laws. 

The real problem is that the vast number of beginning investors never bother to learn their state landlord tenant codes before they invest.This is my pet peeve with new investors...trying to operate a business requiring knowing the law without having the desire to learn.They should never be allowed near tenants, they need a PM.On the other hand responsible investors that learn the laws first I would strongly advise self managing.

The best option for you depends on a number of factors including your exit strategy, any liability concerns and preferred tax treatment.Type of EntityTax TreatmentMain AdvantagesC-CorporationDouble TaxationCorporate tax rates are lowerS-CorporationPass-throughSelf-employment tax savingsLimited Liability Company (LLC)Pass-throughLiability protection and flexibilityFuture Outlook and Recent Tax Law ChangesMost recent tax changes applicable to real estate investors include:The increase in the estate tax exemption to $13.61 million per individual for 2024.

In the majority of fraud or Ponzi Scheme cases the common theme seems to be that the money is mostly gone, and whatever is left runs out before a large portion of the victims are made whole.Sounds like the majority are first position mortgage holders.. this is super simple find an attorney that specializes in mortgage foreclosures and file. there is a federal law that went in post GFC that requires lenders to give a 90 day notice before they can file and I think it pertains to any loans on any 1 to 4 unit properties  the assets that Dodd Frank was designed to regulate. once the 90 days is up you file your foreclosure  in OHIO its a mortgage state so it cost more  money than a Deed Of Trust with power of sale state.  

I am a family law attorney in Plainview, Texas.

While it could have strained cash flow and impacted real estate investment if enacted, there's no immediate need to worry, as this proposal is not expected to become law.

I can't tell you how many times I've seen this - both in working complex investigations in law enforcement and in dragging loans across the finish line to the closing table.