I'll reach out via pm with some more info on the general process.

I am very aware on investments in SMP500 ETFS, thats where all of my money goes into, I also trade via prop firms where I do not leverage much of my own money with no debt.

Hey Lenny,Love to see that you also got the Real Estate bug so youngI recommend a BRRRR/house-hack for your first oneBuy a place that you can live in with a low downpayment, fix it up, and then you will have the option to 1) Refinance and live in it2) Refinance and rent it out3) Sell and do it over again4) Dont refinance and continue to live in it5) Dont refinance and rent it outYou will have a ton of flexibility and the safety of knowing you have a place to livePlease reach out via DM if you have any questions moving forward.

Benefits include immediate tax savings via bonus depreciation (60% in 2024), but depreciation recapture tax applies upon sale.This post does not create a CPA-Client relationship.

Too much debt and overpaying for a property via a 1031 exchange.

I can have my clients give me feed back if you want to send me the address via PMAlso I got stuck with a few props there when my first balt client imploded ( of course i was in them at wholesale levels) but I exited with ASHLAND auctions and we recouped generally speaking.Also Section 8 there pays a very large amount compared to most markets if your forced to keep it I would go that route you can get 1600  to 2k on section 8. 

Another way, you could connect with a host via Airbnb/ VRBO Facebook groups in the area you're searching and ask them what they do and how they handle it.

My goal for this year is to get 5 STRs which seems more likely via arbitrage.

If not, they close on the property and look for the flip.They also mentioned the made part of the business a real estate brokerage for the better properties they come across and sell them via the MLS.

If you invested in large multifamily 3-4 years ago via syndication in the South, Southwest, or other boomtown: You are cooked.