While this guidance provides general steps, it’s not legal advice; an attorney will ensure the process aligns with your specific circumstances.This post does not create a CPA-Client relationship.

Appraiser's learned a valuable lesson in 2008 when they were accused of being one of the causes of the great recession.

Costs for a CPA may range from $800–$1,500 annually, reflecting the added complexity of self-employment and rental property filings.While DIY tax filing can work for simple W-2 income, rental properties, LLCs, and self-employment income introduce complexities that make a CPA valuable.

I am also looking for guidance on being an agent as I have a few friends and family members looking to buy within the next year.

Take your time to clarify your goals, and be ready to continually learn and network along the way.Remember, each step you take is a valuable experience that brings you closer to success.

Additional Info —Key Details:Location: Outside Santa Fe, NMProperty Size: 20 acres (valued at $80,000)Project: Two new STR unitsExisting Experience: Family has two fully-occupied LTRs nearby, generating $2,000/monthConstruction Approach: Self-contracted with licensed trades for electrical/plumbingCost Assumption: $80,000 per unit, plus ~20% for inflation (based on 5–8-year-old build costs)Financing: Using land equity as down payment on construction loan (expecting closing costs to be major expense)Request: Looking for feedback, potential pitfalls, and general guidance

I've found options in Costa Rica, but rates are in the 10% range.Does anyone have any experience or guidance on obtaining a mortgage equivalent to purchasing a 2nd home in the US?

If you're just starting, focus on free or low-cost resources to build your foundation, and consider mentorship later if you need personalized guidance or want to accelerate your progress.Good luck!

I’d really appreciate some guidance from experienced landlords or anyone familiar with the process.

Local Facebook groups can be a valuable resource when looking for a handyman.