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.

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

Buy: Finding the Right PropertyThe first step in the BRRRR method is to purchase a property.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

For the future, remove other door knobs that don't need to be keyed unless you have the keys and strengthen the lease to address lock outs. 

The options are, demo the lot, split the lot and then sell 2 lots to the builder or build myself.

I have been looking at properties and it seemed like the seller s  based their price on zero percent cash flow for the buyer.

Louisville is part of the industrial corridor all the way up to Columbus, Ohio.

In the future, either get your Real Estate License so you have access to the MLS, or make friends with a realtor so they can get you comps to get an ARV.  

Times are changing somewhat though, so maybe over time if they are not supportive now, they will be at some point in the future.