HOA insurance pays for roof and parking gate etc.

As far as the neighborhoods and areas, yes the schools have a lot to do with that,A - gated community or a high end downtown area B - your standard neighborhood with a park.

I have questions regarding the owner and curious to see people's opinionsI find a piece of land that is going to tax deed auction and the land lies in a good/well-gated neighborhood.

@Douglas Gratz Get the design, finishes, colors, exact every cabinet knob ordered and mostly in a secure gated lock down.

Which, I would still love to do but not immediately out of the gate.

If they really follow through with all they promised 40k is probably small fries for all the millions you will make right out of the gate.😉😉.

In my opinion, it's much better to find a property that is profitable out-the-gate and seeing the tax benefit as more of a secondary benefit.For the pass through entity bit, a single-member LLC is actually a "disregarded entity".

There is NO HOA.It is a golf cart community and is 318 acres gated and 24 secured with all property fenced all the way to the ocean.Many realtors dont like to sell in there because they have in house realtors and they have a transaction fee that makes other realtors shy away.

My long term goal is to acquire rental properties, so do I try to start out the gate with a small rental that I can afford at the time?

Most investments I see that are positive cash flow out of the gate come with a substantial amount of future capex.