Also, the MLS/listed scenarios allow for more favorable settlement terms (the opportunity for more thorough diligence and deal analysis & ability to line up the best financing). 

Do one deal together.

-What are some ways to fund my first investment deal?

So if you suddenly find a great deal and want to go for it, a tax return showing a massive loss could hurt your pre-approval chances.That said, if you’re not planning to buy anything else soon, deferring the depreciation might not be a bad move.

Any red flags to watch for when structuring these deals?

I work with a lot of investors looking for solid deals, especially in distressed properties, so I’d love to hear more about what you're looking for.Are you focusing on flips, rentals, or just exploring your options right now?

To determine if an apartment building is a good deal, look at the property's cash flow, cap rate, and potential for rent increases.

I’m based in Long Island, NY, and planning to leverage the equity in my primary residence to fund this first deal.

It is a cash only deal.

This means taking days off of work to handle business, dealing with the subs and any deficiencies they may have, spending time dealing with the city, for both permits and inspections.Having GC doing everything won't entirely eliminate your time cost, but it can mitigate it to an extreme degree.My take is that if you are confident that you can be as fast as the GC in handling everything and there is no negative impact to your other business then by all means do it.