Thank you so much for the warm welcome and the valuable advice!

Studying successful investors through books, seminars, or online content can provide valuable insights.When evaluating potential borrowers, conduct thorough due diligence.

If you do the work before the property becomes a rental, it won’t be deductible but can increase your cost basis for capital gains tax.

Having a partner and getting a different perspective has been so valuable for my journey.If you've had some difficult partnerships, be honest with yourself?

He gives valuable tax content, and his firm is our legal/CPA advisors, so I can say he is legit and trustworthy. 

if this was a rental property the gain on the property is whatever you sold it for minus your purchase price (broadly speaking)… there’re are various expenses you count against both your basis (purchase price)  and against your gain from the sale.  

With his involvement, it seems like Shreveport is gaining momentum and attracting new investments.1.

@Timothy Lin  The idea of the 1031 exchange benefit is to allow investors to use the capital gains tax they would otherwise have to pay when selling their investment property, And keep the profit from the deferred tax in their pocket.You get to indefinitely defer it into any type of real estate that that might meet your needs better. 

My main question is if these properties ended up cash flowing or gaining appreciation in the past few years? 

Here’s a simplified approach:Calculate Costs: Determine the net gain from selling each property after costs.