It's wise to verify the credentials of anyone involved in a significant financial transaction, especially if they are requesting proprietary financials.

Of course, every owner's situation is unique and factors like the legal entity involved, purchase date, adequate passive income that can be offset with the cost segregation study, etc., will need to be considered.

Since making a career switch to real estate, I've been involved in numerous studies adding my expertise in statistics and housing policy with NAR, HUD, Fannie Mae, Freddie Mac.

“How” they live together is more involved.

Are you able to get a partner involved? 

I am also involved in management at one of the largest STR property management firms in Cashiers.

That covers the down payment for the purchase, the rehab, and the $18,000 for reserves for the account, and $5,000 for me for each property for the time and work involved.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

If you’re heavily involved in the wholesaling world, this may be easy.