Here's why:The Multi-State Chess Game:• Client had properties in 3 states• Each state has different deadlines to assess taxes• Federal changes trigger automatic state assessments• Timing the response saved $45K in state taxes🏠 Real Estate Investor Pro Tip:States can't assess back taxes if their statute of limitations expires before federal changes finalize.

A small multifamily property is a smart choice for a first investment—it offers a great balance of income potential and manageable scale for someone new to the space.Don’t worry about being ambitious; it’s clear you’ve done your homework, and you’re already ahead of the game by setting a clear goal.

If you're asking for my option and you want to play it safe, budget for 10% vacancy.

I can't recall one ever sticking around to play it out.

Hi Robert,Given you are looking to buy another rental (long term), a cash out refinance on the existing property would be a good play here.

A simulator/game could really help with that.

Once you’ve made all of the rookie mistakes and have your SOPs in order, you can go invest out of state with a game plan.

It could take years of sacrifice and saving to get into this game and most people don't want to wait that long.  

But, if the deal is a true ABL play, I may not even look at a credit report at all.

and others that i did not care for their business practice .. but if i wanted to enter the pay to play business I think it would be worth the 20k a year to network with those dudes.. but not my bag