@Andrew Wade first narrow down if you want to be an active or passive investor.

One CPA is telling us that we need to file a partnership return for all LLCs and the other CPA is telling us that we can place all properties on our Schedule E and use Schedule C for our property management activities We like the Schedule E and C approach because it's cheaper.

If you are hoping that this property will stand on its own with you living in it and not having to put your active income into it, then it might not be the best option for you right now. 

I am a realtor in North Carolina and I am actively buying properties for myself as well as for my investor clients.

Keep watching the market and align yourself with people who are actively buying, they will have their fingers on the pulse of what is going on. 

And when their methods don’t work and you turn to your favorite guru for advice, what do they tell you?"

I have down an owner financed deal in 2024 and still actively use a HELOC in support of my flipping.  

.- Working a W2 as a firefighter, posting and consuming content- Leaving my W2 to dive deep into real estate investing and working as an agent... and still watching/posting content all while business was ok - Deleting social media apps (one have one on my phone that I use 10 minutes or less a day), diving deep into building my business and skills which have drastically increased due to pure focus and increasing my business significantly- moral of the story... focus on the things you need to do in business (dollar productive activities) and life experiences while reducing consumption will increase your success  

If the investor is actively involved and can stay on top of materials, roll with it!

Learn what people are doing right now in this difficult market and find a way to replicate their success.A lot of people say they are actively investing.