I started by building a 12-door portfolio using the BRRRR method and self-managing initially.

Quote from @Mark Sullivan: Quote from @Tim Delaney: One missing piece of info here is how much cash you have available to invest at the moment.My initial thought was sell LLC B and hopefully you have a few hundred thousand available on top of that to buy the new building.

We want to purchase a property to begin building our rental portfolio but are unsure of the best approach.We live in Sonoma County, California, and I work in Healdsburg.

Are you saying that because of this unit, the building might not be able to be refinanced?

You're better off focusing on specific markets, specific neighborhoods, analyzing numbers, and building an ideal buy [box].

This thought led me into studying about becoming financially free and building generational wealth.

I here in the Netherlands Rotterdam working on renovating a 3 unit building

Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.

It looks like they have been in contact with you previously and have communicated the inspection date.

Working with a business partner highlighted the importance of clear communication and shared goals.