It's essential to evaluate coverage options carefully and consider consulting with a financial advisor specializing in real estate investments for strategic insights.

Just like with stocks though you need to be strategic and patient.

Consider paying down the high-interest debt strategically if it outweighs the potential returns from new investments.Additionally, understanding Real Estate Professional Status (REPS) and Short-Term Rental (STR) tax savings can significantly reduce your tax bill while building your portfolio, enhancing your overall financial strategy.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

After an intro call and vision board, intro to strategic lending partner, four physical tours, two offers on two properties (with the second accepted below asking price) a quick inspection with (minor inspection issues resolved by seller), appraisal waiver and below market rate lock..

I am starting to believe that I need to learn the tax laws myself since I have lost so much money paying unnecessary taxes because my previous CPA's are not familiar with all laws or they just plug numbers into a software (without strategizing) and then I get hit with huge tax bills that could have been legally avoided. 

Based on what you've shared, I can definitely relate to your goals, as I specialize in helping investors like you scale their portfolios with strategically selected properties.Financing & Expansion Options:Given your current financials, here are a few paths you could consider:HELOC or Cash-Out Refinance: Tapping into the equity of your current property could give you the liquidity needed to acquire more rentals.

I am in search of a reliable CRM system that can efficiently host all my contacts, integrate with Google contacts, provide a robust phone system, and keep track of all my leads, network, and activities.

I am also learning how to prepare exist strategics to get out any situations in the event the loan being called.

Plus, you’re leveraging that $100k down in a way that gives you higher returns.Out-of-State Investing: While it can seem risky for beginners, it’s doable as long as you approach it strategically.