Exciting times ahead in your real estate journey.

We are wanting to add to our real estate investments, but are having a difficult time deciding which market to consentrate on. 

@Jason BibleUBIT exposure would be in the case of an IRA. 401k is exempt from UBIT on leveraged real estate. 

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.

Bulldozed the house and plan to build a new house on lot in the future Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Also, it can avoid filing an amendment.Another great point on eligibility- SEP IRAs require net self-employment income from activities like 1099 contract work, real estate sales, wholesaling, or other self-employment business income.Passive income as you have highlighted, does not qualify. 

I'm new here to the BiggerPockets site. I have 1 rental for which I have been renting since 2018. I am looking to purchase more rental properties in the near future.

Unless you are someone who is going to take advantage of the leverage offered in an FHA loan, I am generally in favor of purchasing investment real estate in an LLC.  

Would love to connect with anyone that has a lot of experience with how to navigate these foundation issues and how you succesfully invest in DFW real estate depsite this issue Some people are not phased by the foundation issues, others are. 

Love your mindset—real estate is a long game, and you're starting with the right attitude!