I am looking for a way to log all the hours and activity spent on the properties. 1. 

I have suspended Passive Activity loss that would reduce the gain, but not eliminate the gain from tax POV.

Getting down deeper into the local regulations and such is each will require networking with city officials or other investors who are already active in those markets. 

To clarify my assumption about current equity: most transactional activity in the area has been new construction and established neighborhoods of "better" quality.

I am on a similar journey as you.

Inventory has held steady around 5-6 months for some time now, with roughly 9% more active listings on the market in the metro now compared to Oct. 2023.

I just refurnished much or it and got new pictures, and the activity has been good thus far.A 2/2 beach side in Destin/FWB, income will depend on view of the unit, and the things mentioned above.

Ultimately, courses can be great for structure and guidance, but real learning often comes from doing and connecting with experienced investors actively succeeding in your niche.For many, podcasts, books, and courses are just entertainment. 

WE wont put it on the market until its about 30 days out from CO. the other market were we are active Loudoun County VA We have 3 subidivisions going in the platting stages from 35 lots to 250 lots.. all of them have contracts on them from National builders the 35 lot is Toll  the bigger ones are Lennar..

If you are claiming Real Estate Professioanl Status(REPS), it is important to keep a log of your activities.