Learning how to navigate this is tricky. 

That's a huge achievement, and it sounds like you navigated some real challenges along the way.Your story reminds me of a project I took on years ago.

I'm currently navigating the complex process of finding a reputable asset protection attorney with expertise in real estate.

Probably will take you longer to ramp up, but at the end of the investment say 2-3-5-7 years hopefully you still have your $50,000 plus some cash flow, but hopefully even more the GPs have 2x or 3x your initial investment.   

It’s a scenario many real estate investors find themself navigating when balancing capital gains from property sales and K1 losses.Based on what you’ve described, it’s essential to understand the relationship between passive and active income.

Additionally, I’m interested in exploring the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) to maximize my investment returns.I’m eager to learn from this community and share my experiences as I navigate this exciting path.

FHA loans and similar first-time buyer programs offer better terms than what you'd likely get with an LLC, making them a smarter choice for your first investment, if house hacking.If you decide to move your property into an LLC later, it's possible through a quit claim deed, but it's crucial to consult an attorney to navigate the mortgage implications and legalities correctly.

Consulting with a financial advisor or tax professional can help navigate these complexities.It might be worth considering how real estate investments could align with your retirement goals, especially in thriving markets like Phoenix or Austin.Just my two cents based on experiences with clients like Jim.

I'd love to hear your thoughts on how you navigate such a broad and diverse state when it comes to real estate.

Happy to help as you navigate your options!