It’s normal to feel like you don’t have enough knowledge at the start, but these meetups are a space for learning and building relationships.

A $400k home requires much more upkeep than a normal rental.IMHO it will be a looser and you need to sell it and get on with your new life.Thank you for your service and good luck,

.: There IS going to be a big impact on Real Estate, especially for Single Family and small Multi-Family that is Owner Occupied.The SALT Deductions are slated to expire at the end of 2025.Trump has already said that he will allow it to Expire:https://about.bgov.com/insights/elections/2025-tax-policy-cr...This is NOT a small change.The Standard Deduction gets reduced by about 40%.Then you get to deduct the SALT (State and Local Tax) that you paid PLUS up to $1 Million in Interest from your Mortgage against your Federal Tax Return.The only limiting factor will be AMT (Alternative Minimum Tax).In 2017 when this Cap was put into place, it made sense.However, now that the average Home sells for about Double what it was back in 2017, many normal Americans can benefit from the Expiration.I'm hoping that the Trump Administration does not extend the Cap.Too many people will love him more if he allows it to Expire!

In a well-run fund, this allows them to service all liquidation requests under normal circumstances.

Most of us that have been in development buy from those that have normally owned for decades

Determine how much money would be needed to handle each risk, and determine if you have sufficient liquidity / cash flow to ensure you can “stay in the game”.This is of course in addition to all normal “due diligence”, financial forecasting, etc. 

Be mindful that a house-hack is a partially a personal proprety and partially a business property.An LLC is normally meant to only hold business assets.

Both require us to have extra money over what's normally required.With Short Term Rentals - you cannot finance the furnishings. 

Here’s how it breaks down:- Normal Depreciation Recapture: Recapture is taxed at a maximum rate of 25%, regardless of REPS status, plus any applicable state tax.

I started off profiting $1500/month as soon as I bought the houses (all within 2 or 3 years ago) vs only $300/month with normal rentals that rent to a family.