I will try to post one of these every now and then for analysis purposes.

I've made a detailed list of what I'm looking for in our first property.

Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environmental reports, open permits, and the Certificate of Operations.2.Physical Property Due Diligence.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

Whether from the investor or lender side, happy to go into more details if that would be helpful for you. 

To begin investing in real estate, learn first, set financial goals, analyze finances, study markets, make friends in the field, get a loan, start with small properties, check all details, plan how to manage them, and choose renters carefully.

I'm already looking at listings and doing deal analysis (or at least practicing at it).

Maybe we could have a call to discuss the details. 

.### Renovation PlanningDevelop a detailed renovation plan to maximize the property's value.

Therefore if you purchase in say September, your current years tax bill will be based on the current years value which may be even lower than what you can achieve with the exemption and on investments the value will be updated according to your ATI and will not be reassessed by the county for five years as well as once it is, the increase is capped to a 15% increase in value which is not common and can be appealed which is less often than many other states.Yes, the effective tax rate comes out to a difference of say 0.5% on personal residence to 3.0% on investments, but I would say handling it the right way up front and budgeting for it in your analysis is better than risking it another way.