Any tips or suggestions I should keep in mind?

It's a simple, straight forward platform.

Quote from @John Mason: Would be great if you tell the compensation for the hour:) It takes UNDER 3 minutes to determine if its a good deal, SIMPLE ALL IN, vs the comps, end of story.

Local Resources: If you’ve invested in any of the markets you recommend, do you have suggestions for property management companies, lenders, or agents who are supportive of first-time investors?

I asked my old tax guys (who is retired) he suggested claiming it in 2023, but he was on the fence about it.  

Does anyone have any suggestions?

Keep it simple, buy rentals with 10% or better NET income without capital calls, that's what I do all from OOS Good luck 

And your pension is not on Sch 1, it's directly on line 5 of your 1040.Whether or not your old losses offset your pension or your gains is a very complex question, but the bottom line is: yes, the losses become deductible.Now, you astutely suggested that you may "win" the game by increasing up front depreciation, even though it is offset by a correspondingly higher gain.

Don't allow something as simple as selecting the LLC's name become a complication in your business.

Any suggestions for what coverages need to go into the property insurance policy?