We now invest in the Detroit market place where we have established a great team on the ground and are finding properties with great numbers.

I'm wondering if you can help advise on this situation.My mother currently resides in a property located in Los Angeles County.

The reason I post this here is because I got totally different answers from two CPAsHere is the story:I bought the house as investment property and run it as STR for the last two years.

I came across a question for our Rookie Reply podcast episode asking about property management software.

Literally the same thing everyone has said to me my entire life about why you shouldn't buy real estate now.    

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

As always, make sure to run the numbers carefully and factor in local property taxes and HOA fees, which can vary widely in North Texas.Delayed gratification is key in real estate investing, but with patience, the rewards can be life-changing.Best of luck with your search

The key is not the number of properties.

Your investment property - This you could do a 1031 exchange on and buy another property you intend to use for investment. 

Would you buy a property where you have to give half the profits away for life?