I wish I could say that I'm venturing into real estate investing for some benevolent purpose like providing low-income housing for the needy... but financial gain is certainly my angle lol.

My income doesn’t show itself as being very high, but I have a relatively large amount of cash to put down.

The one who thinks that they are masters of the universe in EVERY area of life, has 30 different businesses, claims to be fit as a fiddle, with a life in perfect harmony, shows off huge toys, has 30 different businesses, including selling their time by the hour to provide coaching... this person is not running a real estate syndication business.

He is hoping to get $200k but current value of the home is more like $160-$170.

Highly recommend (I require) collecting first month's rent prior to handing over keys.

If renters find out your utility costs are high, they will expect a lower rent to balance it out.

This way, your current rental stays a cash-flowing asset while providing leverage to grow your portfolio.

High earners should also consider estate planning tools like trusts or Family Limited Partnerships (FLPs) to minimize future tax burdens.Given his income level and tax complexity, consulting a real estate-focused CPA is essential to maximizing deductions and optimizing tax efficiency.This post does not create a CPA-Client relationship.

Not even Ivy League master programs in real estate provide the representations and guarantees these mentorship programs provide.  

In high barrier markets, rents have gotten stronger but not the double digit growth we had seen, which was an anomaly.