Consult with a qualified tax advisor who understands these limitations and can help develop a comprehensive strategy aligned with your specific situation.Remember: The best tax planning looks beyond immediate deductions to your complete financial picture.

BiggerPockets is an excellent resource to kickstart your real estate journey.I recommend that you take the time to define your financial goals and always keep learning.From insightful podcasts and informative blog posts to interactive forums and detailed guides, BiggerPockets provides a comprehensive suite of resources designed to empower you with the knowledge and confidence needed to navigate the market.

Owners were charged an assessment (several thousand dollars) in 2023 to put into reserves, as per the new rules after the Surfside collapse.

OPI would assess your fire potential first.  

Plus, I’ve put together a comprehensive guide to walk you through the process step by step.What’s your biggest challenge as a new host?

Try to anticipate other potential avoidable situations with a follow up inspection to assess the Locksmith’s work and ask your tenant(s) if you can also use the time to assess for other issues such as unchanged HVAC filters, leaky pipes, working shutoff valves, working smoke detector batteries, properly working downspouts, clogged dryer vents, evidence of water damage from leaking roof, etc,etc,etc.

I am thinking about doing this full time and was wondering if there was a coach/professional i could speak with to give me an honest assessment on my current real estate portfolio?

County has assessed for 200k but would be worth more due to the area they are building homes left and right on that road and they are selling 300k+ and up.

From sourcing turnkey rental properties to finding long-term residents, and comprehensive property management, our expert team offers a full-service solution for a truly stress-free investing experience.

I'll connect via dm, so I can share a comprehensive guide with you.