As long as the properties managed remain under 4 units a piece, it's FREE! 

So, you'd want to go into it knowing you were going to: go all out to beat your competition, have a distinctive property, stand out online, and have your return compensate you for the headache of running a little hospitality business.Does that help? 

In addition to that, here are a few pieces of advice that might help you on your journey:Wholesaling as a Launchpad: Wholesaling can be a great way to generate capital and gain valuable experience in the market without the need for significant upfront investment.

I recently purchased a 0.42-acre piece of land for $90K.

I believe that in order to efficiently do tax prep then we need to be doing tax planning as well.Yes on the cost seg piece (for the most part).

What we do with clients who build single family and multifamily is we break the process up into several pieces.

This is the real estate version of “dollar cost averaging.”So even though home prices do go up and down, they tend to go up overall.If you get in the market you are getting a piece of the pie, versus waiting and missing out.For example, you might end up selling when prices are lower, but then you are buying a new place when prices are lower too.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

If you're introverted and shy, you'll be ignored and left in the corner eating a piece of pizza wondering where all the deals are at.

If I have one piece of advice it's to do 1 at a time and make sure that on each purchase you are learning at least 1 new skill you didn't know before.