Over the years, I’ve learned a ton, and now I’m applying that experience to my Real Estate practice.

Follow These Steps BEFORE You Start Flipping Houses in 2024 - it goes over the basics, choosing locations, etc. 

Quote from @Ashish Acharya: @Sanjai Dayal If your LLC owns the commercial building and leases space to your medical practice LLC, it’s essential to charge rent at fair market value (FMV) to avoid IRS scrutiny.

Your input is truly guiding my next steps, and I’m grateful for the direction you’ve provided!

The local property will give you practical management experience.You might do better buying a REIT if you are planning to buy single properties far from home.

Action Steps to Start Building Passive IncomeResearch Your Market: Determine whether your area is better suited for short-term or long-term rentals.

Based in Tampa, I have a lot of knowledge in Pinellas County rules and regulations as well as best practices/highest returns. 

We did a step-up of the $3.1M to $5M and having the other $600k from the appraisal gifted to the syndication. 

steps down the line.  

Structural engineer is definitely first step as Mason mentioned.It totally depends on liquidity, risk tolerance and time.