Some might not be livable at purchase but 5k still seems cheap unless there is something off with the data. maybe the prices were reduced on unlivable properties due to back taxes being part of the deal for the purchase.

Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.

Don, I agree with your list being dangerous, but none of the top five are what I would call mainstream strategies.

We're open to other strategies, but believe that sounds the most ideal so far. 

Are you focusing on long-term rentals, or are you still exploring different investment strategies?

I believe this approach provides the best cash-on-cash return when starting out.I began investing in Columbus in 2017, and I've engaged in both BRRRR strategies and turnkey investments.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

I met with Wicked Smart today and was told they help you set up a lead sourcing system, help you structure creative financing - which is essentially lease option/purchase, subject to and owner financing....all strategies I am interested in learning more about.

I always enjoy reading your updates and thoughts on the area.So, what is your best area right now according to your data and opinion?

Hi Ryan, Sounds awesome, me and my husband are doing our investments together also and really love to connect with more couples :) We are new to these areas and looking for rentals that works with BRRRR which is our main strategy, did you try to find BRRRR or do you prefer flips and STR?