Hi, Michael.Doing adequate research for the market you intend to serve is crucial.

Conducting tenant reference checks is crucial for ensuring you find high-quality tenants who respect your property and pay rent on time.

A smart investor knows the importance of making money when they buy, which is why it’s crucial to look for properties that are priced below market value.

These deals weren't easy-to-find "low-hanging fruit" but there are great deals are out there.Since you mentioned that you are getting started, I highly suggest you house-hack (this is how I got started in Costa Mesa, Orange County).

We emphasize that 5-star ratings are crucial to our property's success and ask guests to notify us immediately if anything is unsatisfactory upon arrival so we can resolve it quickly.

IREM President Libby Ekre, CPM, shares five essential things to look for:Licenses & Certifications – Ensure the firm has certifications like CPM or ARM, guaranteeing adherence to industry standards.Regional Experience – Local market knowledge is crucial, especially for properties in smaller cities.Property Type Expertise – Match the company’s strengths with your specific property type for better management.Company Culture – Look for a firm that values customer service and team management.

For me, making the best decision is crucial.

I am organizing an Orange County, CA meetup at the event LA and IE investors are also welcome.

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

I'm about to buy to 4/3 home that's 2,300 sq ft, built in 1967 and want an experienced real estate investor to evaluate whether it's a good deal.Please comment below if I can pay you for 1 hour of your time to analyze...