I’ve taken a couple of days to navigate around, and I think it’s about time I write my first post with one of the questions I have in mind.I have zero experience in the rental property business, but I am eager to learn.

Thank you so much for the reply I’ve been writing down by 2025 goals just because right now isn’t my time doesn’t mean that my time isn’t going.

On one side of the fold is your short term 6-12 month goal, on the other side you put your mid-term goal 3-4 years and then on the back you write down that Big Hairy Audacious Goal (BHAG) 10 year goal. 

There are also limitations of how much total loss from RE you can take against your W2 unless you are a RE Professional.

Even though I know you’re writing tongue-in-cheek, @Scott Trench, I think it’s a great idea.

My problem is that I am unsure of what to write. 

Being the experienced PM that you are and professionally screen your tenants on your future rbr HH, I think that you will be able to debunk (not sure if that is a word) all of the common rbr misconceptions.When Acorn decides to take on rbr pm, lets connect!

You can use this tool to estimate future property taxes: https://treas-secure.state.mi.us/ptestimator/ptestimator.asp

Validate zoning, potential special or use variance, future zoning map, neighboring zoning.  

Document all of what you do if you are going to get it done for them, and/or if you cut them a check then make sure it is in writing that it was all done and they cannot come back to you at a later date asking for more money/mitigation.