If you are browsing MLS listings you can use the 1% rule quickly ascertain whether the listing is worth further analysis.

We need to dwell into the particular circumstances surrounding the investment to determine whether the behavior of the "advisor" was ethical or unethical, competent or incompetent, legal or illegal.so we need to ascertain(1) the risk of the investment.  9 out of 10 venture capital investments fail.  

@Amanda BahilThis is one of the rare times I'm going to disagree with @JD Martin.I think splitting the difference and losing a month's rent with this boondoggle, if you can ascertain that it is really what the tenant says it is (which does sound doubtful), is the way to go.You've got to work the landlord-tenant relationship.

Search for properties in line with your spending plan and investment objectives.Property analysis: Examine possible single- or multifamily properties to ascertain their overall investment viability as well as their cash flow potential, cap rate, and return on investment (ROI).

For example, in Florida, a mortgage is no longer a lien on real property 5 years from the date of maturity, if the date can be ascertained from the face of the mortgage or 20 years from its recording if it can't.In any case, I suspect you'll probably need to pay the lien off and obtain and record a release of the CIT DOT if you want to get a new loan.

In the first stage of this process, you must underwrite it to ascertain its highest and best use and financial performance.Conducting this analysis sets the stage for securing a purchase contract with terms and conditions aligned with the timing and budget of the planned project.

Collaborate with multifamily finance experts to ascertain the required funds for your investment objectives.

I explained that I did not mind him having a draw as long as certain work is completed, etc. 

There is certainly a case such as certain STR activities which may qualify for being able to be considered active income, but it's somewhat difficult to achieve this or material participation status where I think you're currently at.

While researching my options to reduce my 2024 tax burden (already maxed the 401k and HSA), I see that it is possible to buy an investment property, use it for Short Term Rentals and as long as certain conditions are met, I can accelerate the depreciation which can be used as an offset to W-2 income.