My first investment property happens to be my first home purchase, so my questions are hopefully basic for anyone experienced here.

But can someone please answer this specifically:"Do I need to file in MO even though I experienced a loss in 2024?"

And my options are: -One $800k property in CA (25% down), or-Two $400k properties in ID (both at 25% down).If we take the 2015-2020 5-year appreciation (so as not to include the roller coaster and unlikely 5-year market we experienced from 2020-2025) for each state, the CA property would see an average appreciation of 37%.

You have to work with someone that is experienced and very active in the field.

Next property will find a professional Realtor who is experienced with marketing their listings and closing deals.

If they want an MLS offer, they are free to make the repairs and list the property.So, the SubTo part, I am very, very experienced.

Your most reliable source for this is a local, experienced investment team.SummaryIf your goal is financial independence, you must invest in cities that meet all the stated requirements, plus an experienced local investment team.

I’ve done a lot of research, but now I’m taking action and need advice from experienced investors. 

Mainly, my question(s) is: Has anyone else experienced this?

High-net-worth individuals, private lenders, or experienced investors looking for passive income may be ideal partners.