First figure out the property Class you want to invest in, THEN figure out the corresponding area to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

@James Heiberg Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.

The emails and other correspondence from the prospective buyer should be able to prove that you were trying to lease the property, but instead received an offer to purchase the property, which will go a long way to help substantiate that you had the intent to hold for rental purposes but got an offer to purchase that you did not anticipate.

@Bryce CarrollI know a couple of tax controversy attorneys in the San Diego area if you're willing to work remotely with someone, though not sure if you've been dealing with the IRS in person or via correspondence. 

Check out a Schedule E tax form and the corresponding instructions!

Figure out the property Class you want to invest in and then look for corresponding areas to invest in.

Documenting every expense, transaction, and correspondence diligently is a practice that pays off in the long run.Many aspects of the home-building process are negotiable, including the builder's fee.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.Once you figure out what Class you want to invest in, then you should target a city.Check out some of the great things happening in Detroit in 2024https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/

My world view is that lower interest rates correspond to the economy doing poorly, so investment opportunity.