Again, this is a factual action that will ensure that you remain in control of your property and that the other tenant has the peaceful use of the property that is a legal right.Fun, huh? 

Ensure fair terms for both parties.2.

If you plan to invest in a syndication as a limited partner (LP), ensure the structure allows for direct ownership in real estate (e.g., through a Tenant-in-Common (TIC) agreement), as partnership interests are specifically excluded from 1031 exchanges under IRC 1031(a)(2)(D).

It’s a smart choice if you want to streamline operations and ensure a consistent, high-quality guest experience without being hands-on 24/7.I'd be happy to share more ideas.

And, be sure to reinspect the property to ensure that the problem has been fixed.  

It’s important to be more conservative, especially when starting out, to ensure you’re building a solid foundation for for long term success. 

Another note on construction cost, going vertical is very expensive now and would require have a great connect with a developer and a builder in the area.See what rents are in the area and run the numbers to ensure the rents will cover your costs and give you a solid return—using the 1% rule can help.

The key is to ensure the HELOC doesn’t turn into a long-term financial burden if the partnership doesn’t pan out.

Unless you revise your plan and ensure that your personal use is under 10% of the rental use.

I’m committed to keeping my options open and continuing to learn about being a landlord to ensure I’m well-prepared for my first purchase.To improve my ability to analyze deals, I’ve developed a two-part plan:Join a local BP meet-up group to discuss my goals and support others.Continue learning and engaging with the BP forum.Thank you again for your guidance—it’s truly appreciated!