While OZ investments offer significant tax benefits, assess property risks and long-term potential beyond the tax savings.This post does not create a CPA-Client relationship.

Originally posted by @Jenna Waites:I know this thread is a few months old, but just FYI for anyone finding this considering Resimpli, the biggest issue I see with them is that their report options are TERRIBLE and they offer 0 customization to the metrics they do provide.On top of that they are a completely closed system so you can not pull your data out in any way to create useful reports or integrate with any other system.

Staying ahead of the game by understanding how local regulations align with state bills like SB-9, SB-684, and SB-423 can open doors to exciting development projects.SB-9: Simplifying Lot Splits and Duplex BuildsSB-9 streamlines the process for lot splits and duplex construction, offering a straightforward way to increase property value and expand housing options.SB-684: More Flexibility for Smaller ProjectsFor urban lots under 5 acres, SB-684 makes it easier to pursue smaller housing developments, transforming overlooked properties and vacant lots into productive investments.SB-423: Faster Approvals, Fewer HeadachesNo one likes endless waiting.

., why aren’t they offering you a stake in the partnership?

Build savings through side hustles like flipping cars or offering handyman services.

It’s not a market where you can just buy blindly, but for investors willing to do their homework, it offers a strong mix of cash flow and appreciation.If you’re open to learning more, I’m happy to share some resources on how I’ve built my portfolio there.

Is it worth it for someone like me who hasn't done any deals yet, but is going to be making offers on my 1st investment property in the spring?

You've offered to recommend some CPAs.

One suggestion to consider as I mainly do BRRRRs as well- find a local bank or credit union in the area you plan to buy that offers construction loans.

I'm more focused on residential properties, however, I offer a bit of everything.