The relationships you build can help you in unexpected ways, whether it’s finding out-of-state contacts or gaining insights from others with remote investing experience.

[NAHB]TP: The overall index figure is driven by three components: Current Sales Expectations, Future Sales Expectations, and Buyer Traffic.

Like @Michael Quarles and @Kristin Flores-Brockman are saying here.Occasionally there are investors who acquired an investment property with the intent to hold and put renters in, but find some unexpected negative catalysts that will impact their ability to rent it out.

Rarely appreciate in value as you are selling a component of it and makes it very difficult to maximize value.

Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.

Just make sure you’ve got a backup in place for any unexpected expenses that might pop up—trust me, they can happen.

hahaYou know I love you mateThey have various inspections CheaperDigital and easy to understand portal Best if you need to do more inspections over a year as all data is tracked and in the same placeNo BS PDF’sWe love them mateThey are another component that we added in order to pretty much make our entire operation digital and to not be dependent on local and incompetent folks 👍

OVERALL QUESTIONSI’m wondering if there are any “gotchas” I should look out for in managing or renting either of these properties, especially regarding taxes, maintenance, or any other unexpected costs.

Also, try to budget for unexpected repairs, as REOs can sometimes have more wear and tear than anticipated.

Engage professionals to inspect major components such as the roof, plumbing (including sewer lines), foundation, drainage, electrical systems, HVAC, chillers, boilers, termites, exterior walls, balconies, stairs, rails, and concrete.