I’ve watched a lot of videos on how to screen and how to set up work with contractors, so I’m hopeful to build those relationships more in this area in the future.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year... 

Readers should seek professional advice.

Build connections with local professionals, talk to them in person, and value there time over yours.

Always conduct your own due diligence and consult with a qualified professional before making any real estate investment decisions.

Here is my list of the most dangerous real estate related investments for the “non professional” investor lacking direct knowledge  and experience in these investments 1.

I also recommend you start looking for a professional property manager, at least until you educate yourself enough to run this solo.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Tell everyone in your sphere of influence that you are now a real estate professional and would like to help them and anyone that they know buy or sell real estate.

You can determine if the cost segregation study makes sense by speaking with your accountant and many cost segregation professionals offer a free analysis.