Additional strategies include cost segregation to maximize deductions and writing off rental expenses like mortgage interest, property taxes, and maintenance.If those are not your options, you can do passive tax planning like wealthy people do.

Costa Rica's been very high on my list, but I was finding the prices there too expensive.

Ensure you have a clear understanding of the repair costs and any hidden expenses that might arise.### Market AnalysisPerform a comparative market analysis to understand the local real estate market.

Figure out all the extra expenses of utilities, management, perhaps hot tub, internet etc. go low on income and high on expenses and see how the numbers look.

Add at least $3k per year to any repair and maintenance expense you’ve assumed in your expenses calculation 6.

Nevada Ranks Second Most Expensive for Car Ownership: Nevada ranks as the second-most expensive state to own a car, according to Forbes.

Your living expenses get rolled into the investment, which can offset the expense (you're paying $1300 in rent each month--including that in your calculations for either a duplex or a home with an adu may make the investment numbers work better)I would strongly encourage you to spend a lot of time figuring out how to make a house hack work for you guys.

If you did not use one - unfortunately its an expensive lesson learned that in real estate transactions this is why you use the paid experts.

It sounds like any lifting and/or adjusting to beams would be expensive.

If you are leaning towards using a property manager or think you may at some point, just make sure you budget for that in your analysis so that your cash flow figures are taking that potential expense into account.Since this would only be your first property, I don't think you need a professional hiring firm--it would probably be more beneficial for you to do the interviewing yourself to be sure that you set expectations properly, are aligned, and can work well together.