Research contractors better Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@David Sam Cost segregation can benefit a property under $400K by accelerating depreciation to offset taxable income, especially if you qualify as a real estate professional or use the short-term rental loophole.

Readers should seek professional advice.

Here is a solid example you can adapt for a joint venture (there are differences, beyond just nomenclature, for a partnership and a joint venture): https://templatelab.com/joint-venture-agreement/Again, I would caution use of this document without a professional to review it.

Build up your portfolio with a professional landlord and then as your portfolio grows transfer the assets over to a larger PM firm for ongoing accounting and management. 

Readers should seek professional advice.

Here are a few lessons I learned during the renovation, many of which stemmed from the age of the house and unexpected hidden damages:1.Damaged Plumbing: Several plumbing pipes were ruptured or severely damaged, requiring replacement.2.Termite Infestation: I discovered termites, which led to additional costs for treatment and repairs.3.Rotted Wood: Significant sections of wood in the structure were rotted and had to be replaced.4.Lack of Insulation: There was no insulation in the att Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Readers should seek professional advice.

Also, you could explore MTRs as there are a lot of traveling professionals in the area.

So we restricted local landlords who rent to families, and soon the town will experience the very real repercussion of no one wanting to rent to families and professionals.