Hey guys,Hypothetical scenario:You have 500k of you’ve saved and now want to drop everything and enter real estate full time…What’s your strategy to replace a 300k salary as quick as possible?

You could take a few steps to mitigate future issues:1.Consult a contractor or inspector who could confirm whether it’s up to code (closet or not).2.Make the closet a legal, small fix to have it fully compliant—shouldn’t cost much to do this.3.Double-check with local zoning or the building department about the possibility of retroactive permitting or what kind of inspections would be needed for it to be officially recognized as a 3-bedroom.From a cash flow perspective, adding a legal third bedroom could boost your rental value and ultimately your property’s appraisal value.

You're very possibly still a long-term rental for tax return purposes.

I like to give him as much information as possible than cross check his return with TurboTax.

its fine if they do as its not my main motivation for getting my licence but keen to understand how it all works.Any advice from someone who's done this already would be appreciated.Thanks You can take and pass the state examination, and get your real estate license as "inactive" if you don't already know your sponsoring broker.

I work with a lot of investors in the Columbus Ohio market so happy to connect and help in any way possible!

I don't disagree with a lot of your sentiments but the numbers don't work on duplexes in our market anymore like a traditional duplex where people want to house hack so in my opinion a triplex is the best. it also allows you to have highest asset value possible. in terms of our single family spec homes compared to our spec triplexes the triplex build to rent have the most interest.  

If you're a buy and hold investor, I would think you'd want as thorough of a report as possible.

Including its rent prices, or possibly for STR?

Be prepared to follow up multiple times, using different forms of communication—calls, emails, and if possible, in-person visits to their office.