For example, the valuation method is different, and banks lend on it differently. 

And while nothing is foolproof the most consistent method of finding good vendors is relying on OTHER real estate investors that have worked with those vendors. 

This method absolutely works.

You might also look into learning about BRRRR (Buy, Rehab, Rent, Refinance, Repeat), a popular method for scaling a portfolio.Network Locally: Engaging with local investors and attending meetups in markets like Dallas or Fort Worth can provide insights and connections that are invaluable.You'll find that momentum grows quickly.

When transferring real estate as a gift, it does not receive a step-up basis, as it does when it has been inherited.

While I’m not an expert on the legal aspects of posting here, I do have years of experience coaching students in real estate sales and investing.For anyone getting started in real estate, I always emphasize the importance of focusing on key steps before committing to a deal.

So, for me, step #1 is to review the data the assessor has on my property.

Any advice on other wise next steps?

I know, easier said that done, but dreaming it is the first step, right? 

Joining BiggerPockets is a fantastic first step – it’s where so many great real estate journeys start.