Investing in a property that’s already renovated, rented, and professionally managed could allow you to start generating passive income immediately without the added expenses of house hacking.What’s most important for you in this first deal—cash flow, appreciation, or long-term stability?

These are professionals with additional training and a stricter code of ethics.

Take full advantage of available tax incentives by working closely with a tax professional.

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

I personally think it is best to work with local professionals with a good track record. 

Networking with other investors and professionals is crucial for learning and finding opportunities.

Readers should seek professional advice. 

Currently scheduled to close on my first triplex next month and excited to connect with other RE professionals in the area to help me along. 

Readers should seek professional advice.

Do you have Real Estate Professional status?