I have also gone as far as possible running numbers on completing a build, without actually having a building designed and priced out.

For commercial the gold standard designation is CCIM, so once you get licensed start working on that. 

Coming on here to share my experience planning, designing, permitting and the construction process for our 380 sq ft Garage Conversion ADU.

I'm a relative newbie and went through this and found it helpful to first understand what each metric is designed to measure in the first place before deciding which one is needed for my analysis.

We believed that the main portion of that fee would go towards the tax strategy portion where your designated ‘tax team’ would help you create a customized ‘tax strategy plan’ to minimize your taxes moving forward, while the tax preparation for a simple portfolio like ours was thought to cost no more than $2k of the total fee.

Anyone can declare real estate losses against their active income if their income is under the AGI threshold but only someone whose PRIMARY profession is designated to be a real estate professional will be able to offset active income. 

Agree with Dan and Zachary, there are a lot of options and it depends on how active of an investor you want to be.If you’re looking to take a more passive role in your real estate and want the benefits of diversification there are funds available to accredited investors that are designed to allow investors the opportunity for ownership of institutional investment grade property that is occupied by regional, national, and Fortune 500 credited companies. 

People want an experience not just a place to sleep.Four things to remember...location, proximity, knowing your market and guest avatar, and design/amenities can make or break a STR. 

“If you don't design your own life plan, chances are you'll fall into someone else's plan.

Evaluate each "deal" based on your verifiable numbers, design capabilities, and return requirements.