I think you’re definitely on the right track and are definitely way ahead of where I was at when I started.

Sure, I'm a complete newbie but I'd rather have all my ducks aligned on the asset protection and tax-wise side of things before leaping ahead.

AGain another reason to push prices up.Inflation was inevitable, and the investor rush would end.Also those who have been in real estate since COVID acting like they are veterans of the space and claiming any downturn is over and 2024 will be a great year for real estate honestly just look like idiots.

No rush on that end, but I would like to get started...Thanks for any advice!

If seller are planning ahead, they usually want enough down payment to cover the recapture tax due in the first year.The real benefit I *think* (someone more knowledgeable than me please chime in here) is that if say he passes away after one year, the rest of balance due on would be 'stepped up' to the current value, so no tax due to the heirs.Dan Dietz

You're likely way ahead of the normal BPer in your W2 or source of income job to enter these markets, and I understand if you don't want to share.

If you know what the repair is one of the ways to save is use a local handy person and/or ship the part ahead of time.  

I'm well aware of the challenges ahead and understand the importance of making informed decisions.

Rushed sales often result in losses and regrets.

But, with your background in commercial real estate, you've got a head start.