Hello all, I am new to the community as well as being the lead in real estate investments.My sister and I currently hold 3 properties next to each other in Riverside County, California (we'd like to get them in an LLC...

@Arthur Savery, This can be a great game plan called a diversification exchange. 

.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

We’re planning to rent out our fully furnished 3-bedroom, 2-bathroom home in Phoenix-Metro area from March 1st to August 31st in the future.

To mitigate these risks:*Have an Alternate Plan – Be ready, if the market slows, to rent out the property.

With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood.

Still delays or below plan progress.

My plan is to start with house hacking, but I have some concerns.

Good call, getting multiple bids is definitely the plan.

Happy to chat and get a game plan in place for you or answer any other questions you might have.