Without a firm base and working familiarity with these three areas the investor will not have the knowledge to analyze, negotiate and close advantageous real estate transactions. 2- Experience - the first few deals are likely to be smaller, harder, with more “surprises” and not as profitable as the investor imagined.

My team personally has pivoted to more local affordable housing with local and county grants and incentives and we'll leave the more complex LIHTC deals to the big firms.  

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.You need to get a firm grasp on two things: the ways to make money with real estate, and how to find deals that match your goals.P.S.

My interests lie in all areas of real estate, and I am eager to explore potential opportunities and gain insights into effective strategies.

As a retired CPA, I saw plenty of tax returns by these firms that clearly were done poorly. 

Plus, having a fully paid-off property could be a nice safety net if the STR market takes a hit or occupancy slows down.On the flip side, if you’re eager to grow, saving for another property could be the better play.

To thrive in real estate investing, you must maintain a firm grip on your finances.

I also side with Adam and take advantage of the added protection of the firm I use.

I also hire one of the big national 20 CPA firms to review returns every 2-3 years. 

I’m eager to learn and connect with others in the area.