Are there specific qualities or terms you look for that make the relationship a good fit for your investment strategy?

If the market is tough, I reduce the rent rate over the full 12-month term.

If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.

Quality over quantity for me. 

For house flipping, consider an LLC taxed as an S-Corp to reduce self-employment taxes by taking a reasonable salary and the rest as distributions.

Quote from @Briley Roe:  yes those fees are very high as you have a broker fee and other fees for a loan little over $100k at 6+ points. 

Happy to be part of a great community. Looking to buy multifamilies in Houston

Before the 1% "rule" there was the 2% "rule" that then got reduced as the market changed.

@Chris Shon Hiring a real estate-focused tax accountant can be highly beneficial, especially if you’re new to navigating the complexities of real estate investments and LLC filings.

In reality, the insurance payout reduces the adjusted basis.