Real estate offers many benefits, and with the right tools and mentorship, I believe you and your son can build a successful portfolio! 

The feedback I've received from people is that the legal side tends to be excellent. 

if someone has $500K in cash, and has been analyzing deals for 5 years, and hasn't made a single offer... that's analysis paralysis. 

Quote from @Alex Brown: Seeking recommendations for a CPA or Tax Strategist who specializes in RE and REPS Status.This post should help:https://www.biggerpockets.com/forums/51/topics/1222774-expla...And none of us is allowed to offer you our services as long as this post is in the tax forum.

Adding extra income streams, like charging for utilities or offering laundry services, can also help improve cash flow.

Rentals generate passive income, so an S-Corp offers no added tax benefit.

Already replied to your other post about Detroit questions.Your latest questions:1) Simple: you don't offer asking price, you offer an amount that makes your numbers work.2) You're looking in the wrong places, using the wrong search criteria - there are tons of deals available!

Quote from @Nadeem Alamgir: Hey Tyran, real estate definitely offers a ton of strategies, and there are successful investors in all of them.

Syndications are great for truly passive income, offering tax benefits and diversification, but require high minimum investments and long-term commitments.

Unlike banks, which offer limited loan options, brokers have access to a wide network of lenders, including niche and non-traditional financing sources.Here’s what they do:Assess your financial situation to determine your borrowing power.Compare multiple loan products to find the most favorable terms.Negotiate rates and terms with lenders on your behalf.Guide you through the application process, ensuring you meet all requirements.Example: Suppose you have a lower credit score or unconventional income sources.