Right now, I’m in the process of sourcing land for our first project.Happy to connect and share insights.Wishing you a great holiday as well!

Now this is an annual thing (for all new properties).For rough math, you can generate a tax write off about 15-20% of the real estate value: one a million you can expect a $150k to 200k write-offs.

We are in all of those markets you mentioned and can help streamline the process for you.You can also click on my website link in my bio to schedule a call! 

My husband actually did this when he became a realtor and the process was very simple.  

@Anca R. and everyone, thanks for the shout out.To simplify the process the best I can, I'll address and break down each concern. 1.

;(- if as-is value is less then the balance on the mortgage + arears OOOPS you need to have the owner work with the bank, you as the investor buyer AND a short sales expert often an agent work the tedious and usually failing short sale process. 

If so, does anyone have any referrals to help me with the process?

My wife (who's from CR) and I are early in the process. 

Would you recomend me buying out my lease, so I can start this process?

I know real estate is a long term play but you never know when you'll need access to that capital.There are turnkey companies out there that handle the entire process for you from top to bottom so it makes for an extremely passive investment.