Started with the flip business 2 years ago and going strong. id say start by practicing comps in your area, learn your market and go to real estate meetups.

Plus, I’ve put together a comprehensive guide to walk you through the process step by step.What’s your biggest challenge as a new host?

I started this company because I want to be a source for people and be that stepping stone for people who want a better life.

I'm not sure about your partner here if he has the backing or experience as an engineer but my experience with engineers is they don't have practical real world experience like you have by doing projects all over the nation. 

I think the first step would be to contact a lender and figure out our best options moving forward.

Private money lenders are not always individuals (my company, for example), nor do they confine their lending practices to friends, family, and other investors they know.

There are two action steps no AI or VA can do better than you: 1.

This option minimizes taxes while allowing more flexibility to reinvest without 1031 restrictions.Option C: Sell Now Without the ExclusionSelling immediately means paying capital gains tax on the entire gain, including depreciation recapture, making this the least tax-efficient option.Additional Considerations:HELOC or Cash-Out Refi: If you want to keep the rental while accessing equity for your retirement home, consider a HELOC or cash-out refinance instead of selling.Estate Planning: If you hold the property until passing it to heirs, they receive a step-up in basis, eliminating capital gains taxes entirely.For tax efficiency, staying two more years allows you to partially exclude capital gains, while a 1031 exchange defers taxes if you plan to continue investing in rental properties.This post does not create a CPA-Client relationship.

For large apartment projects, it is not practical to demand the return of all letters before closing.

Class A properties will generally have high valuations and lower market Cap Rates.Class B Property:A step down from Class A, Class B properties are in the 10 to 20 year-old range, and are mostly well maintained.