If you have limited prior experience owning / operating multifamily assets, they'll also require you to use a professional property manager with multifamily experience.

There are a lot of websites that offer the course online, or if you have a college near you, they also typically offer a class that satisfies the pre-licensing requirement.

Here is a newly created resource on BiggerPockets, which touches out cost segregation, accelerated depreciation, bonus depreciation, depreciation recapture, Real Estate Professional Status (REPS), STR Loophole / STR Strategy, example properties, and more.Cost Segregation 101 Author: Sean GrahamHappy to answer questions :)

From not having an attorney draft the docs, to trying to cheat the system with the deed in lieu to not professionally servicing the loan.

However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I use professionals when I need to.I've had only two Due on Sale called in over 30 years.

Readers are advised to seek professional advice.

Premier golf courses like TPC Myrtle Beach and nearby Caledonia and True Blue. 

Recently he decided to change courses and doesn't need a team anymore.