We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

be sure to stick to your 70% rule for the flip, know your numbers. run everything conservatively. overbudget for time and costs but 15-20% Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Readers should seek professional advice.

It has to do with the professional way you've handled yourself, the good communication with our team and the fact that you are closing your first house with us.  

How to patch Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

If they fail to comply, you may need to involve legal counsel or contact your state’s real estate commission.Hire a Reliable Manager: Finding a professional, responsive property manager is key.

It’s great to know there are resources & professionals like you willing to help guide new investors.Looking forward to connecting & continuing this conversation!

Is it worth getting into real estate investments that’s professional managed primarily to avoid taxes?  

After reading Brandon and Brian's book, The Multifamily Millionaire, Volume II: Create Generational Wealth by Investing in Large Multifamily Real Estate, I'm a bit puzzled as to if the GP's must have real estate experience, or if someone can connect enough professionals/companies on their team to execute successful investments.