I wholeheartedly believe in the end you will come out ahead, but you must be prepared to weather potential storms with the strain of limited to no cash flow, which can be challenging. 

This does not mean actively acquiring but rather considering valuation, market demand and rents, and potential ROI. 

Networking with local investors and visiting potential markets can also give you valuable insights.

@Brandon Pimm my friend and I are in jersey as well looking at Allentown as potential first rental property purchases.

Consulting a tax professional now can help structure ownership and financing efficiently, ensuring you take full advantage of deductions, depreciation, and potential tax-saving strategies like 1031 exchanges in the future.This post does not create a CPA-Client relationship.

@Enrique Toledo  Any update on this potential deal and what you wound up doing?

.: Any idea how far south the potential for Santa Ana or similar winds goes?  

It was in our list to potentially expand our portfolio, but we already have 3 properties close to the shoreline....perhaps one day.

•Business Cards & Branding: You can list both services, but if you want to avoid overwhelming potential clients, consider having two versions—one focused on PM and one on real estate sales, depending on who you’re targeting.Best Way to Generate Property Management Leads1.Target Landlords Where They Need You Most•Most landlords seek out PM services when they’re in trouble—tenants not paying, evictions, property damage, etc.

Additionally, timing the sale in a lower-income year or exploring potential deductions could further reduce your tax liability.