Here’s how.✅ Do your research to learn what is realistic.Spend time really considering what type of business is going to be the best fit for you based on your experience and how you want to spend your time once you are the owner.

Would love to connect with others that have experience or are also new and looking to grow. 

Does anyone have experience in the transitional housing or foster care program space?

From my experience so far, Airbnb never failed to cover any issues I had caused by guests. 

.: Does anyone have personal experience turning your property into a rent by the room with pad split?

Also, check state-specific tax laws, as some states impose additional transfer taxes.This post does not create a CPA-Client relationship.

Additionally, strong tax planning is essential, as your W2 income limits your ability to deduct passive losses.

I’ve been diving into larger parcels, seeing them as more versatile for future projects, and exploring the potential for mobile home parks specifically.I’d love to hear from others who’ve made similar moves or have experience with larger tracts of land.

You'll want to incorporate interest costs on the HELOC while you're using it, but that will add to your holding costs in addition to utilities, closing costs, etc..

Many investors budget an additional 5%–10% of gross rental income for CapEx, though this too depends on the property’s condition and the age of major systems.