@Justin Woods In order to utilize a cost segregation study, the property must be an investment property and placed in service.

Add utilities, lawn and pool care $800-1000.

Just because the cost of the utility is included, doesn't mean you can control if it works or doesn't work.

From utilizing 1031 exchanges to offsetting gains with losses, the right approach can make all the difference in your investment journey.

Hi Radhika-Congratulations on being a homemaker with young kids and looking to do more for the family financially now that the kids are older.You have 50K to get started but are having difficulty choosing markets and deciding where to begin and you are thinking about single-family long-term rentals out of state because you live in California.I would encourage you to start with duplexes, preferably with 2 bedrooms in each unit for tenant longevity, and ideally with separate utilities.

Utilize Meetup.com or Eventbrite for real estate investing groups, BiggerPockets forums, CTPOA, and local events to connect with landlords, agents, and property managers.

This significantly lowers the cost per door and improves your return on investment.Scalability: A three-story walk-up design allows you to maximize your build cost and land use, just like most professional apartment developers do.Control with New Construction: Starting with a new build ensures fewer risks, as you’ll have control over the property’s condition and avoid surprises from existing structures.Pro Tip: If you do go with an existing property, make sure to thoroughly vet the deal to avoid hidden costs and issues.For first-time investors, multifamily new construction is often the best way to scale quickly, reduce costs per unit, and build a sustainable rental portfolio.

If you have never done this as a full time business I will throw caution to the wind it is not as easy or as profitable as online forums make it out to be, and if you need money for living this probably is not going to sustain your lifestyle for the first several years. 

We utilize Buildium which seems to pretty organized and easy for our tenants pay their rent through. 

Operating Expenses includes taxes, vacancy, utilities, insurance, maintenance, and management fee.