I’m currently in the research phase for obtaining my first property, and I am looking to gain insight on market trends, investment strategies, and project management.

A friend of mine invested in one last year—apartments upstairs, a small coffee shop downstairs - and the combination of income streams made it a steady performer.Scaling with a 1031 Exchange:While not applicable unless you sell a property, planning for a 1031 exchange could help you scale quickly while avoiding capital gains taxes.

If you’re selling and you’re going to buy another rental no matter what, if you probably do a 1031 unless you have almost no capital gain or depreciation capture.

How do you gain more confidence as an LP? 

STRs in Non-Traditional MarketsShort-term rentals in areas near universities or event venues are gaining popularity.

Start with one property to gain confidence before scaling.

Although the study may increase the gain, the gain may be taxed at a much lower rate making it a beneficial investment.If a property is purchased with the intention to flip or own for a short period of time (less than 3 years), a cost segregation study may not be significant.SHOULD I GET A COST SEGREGATION STUDY BEFORE OR AFTER REHABBING MY PROPERTY?

I have absolutely nothing to gain here whatsoever so I'll bow out of the conversation.

So at best it's a game of musical chairs for most where they hope to have big gains in money and none to small losses before the sink ships on the cycle.

I’m eager to gain hands-on experience and learn from an experienced professional.