Hi everyone,Last week, I was pulling rent comps to prepare renewal offers using my typical process: starting on Ręntometēr or Rēntcast for a rough idea of recently removed comps, then manually researching on platforms like Zillow, Apartments.com, and Facebook Marketplace.

That said, what is not clear is whether your CPA prepares a partnership tax return for the deals where you guys partner up.

Doing so will help you avoid capital gains tax if you decide to sell later.Second: Test it out by renting the property for a year.

Be prepared for a high rate/high fees 

Attitude and professionalism are paramount; product knowledge next, and then there's your contact/follow-up systems.Put that together, price-test against the market, and you'll have a sustainable, constantly expanding, and very profitable venture.Good luck! 

Quote from @Anthony Maffei: Quote from @Jonathan Soto: i have done a 1031, i can connect you with my contact for you can discuss and prepare accordingly Appreciate that.

Sorry for the slow response had a wedding to prepare for at my house and just in recovery after being in the hospital.

With the right due diligence, this could be a valuable investment, but only if you’re prepared for the legal and logistical hurdles.Good luck and blessings!

Multifamily is considered residential since people reside in the structure. it's part of contractors license law, our testing is on it and violating can and will result in punitive actions.

@David Robertson Being a wholesaler might have helped you with industry relationships but by no means prepares you to invest the money of others.