I recently got engaged and my fiance's family own a few real estate properties that they are renting out (majority are condos in Columbia, SC and 1 in Florida).

This level of organization ensures that nothing is overlooked.Remember, risk tolerance increases with experience.

Purchase price: $80,000 Cash invested: $25,000 I helped my father-in law convert his LTR to a STR recently (he's owned it for forever, but we wanted to see if we could increase the revenue by switching strategies and updating it).

This strategy allows you to diversify your portfolio, leveraging both the stability of a Roth IRA and the growth potential of real estate, while gradually increasing your investment capacity over time.

If values in the area increase significantly then you can pursue a QT when it makes sense.

From my experience, you don’t need to engage a CPA just yet.

Mainly those that have seen sharp price increases without incomes keeping up.

Sounds like code word for increasing their billables in 2024 Q4. 

You can also request the average property tax increases over the last 5 years to get an idea, but that’s not always a strong indication of future increases.

That was one of the attractive points for me, since several other deals I joined in the last few years have had capital calls due to increased debt costs.One concern I have is that, while they claim vacancy at the property is 7%, I see quite a few listings on apartments.com for the complex that indicate a higher number.