This is one of the best ways to scale a portfolio while keeping low out-of-pocket costs.Big Picture: The Best Move for You•If you need funds now, a HELOC in your name makes sense—but keep the rental in your personal name to avoid triggering the due-on-sale clause.

I highly suggest as many in-person networking events as possible! 

Any recommendations on Houston REI groups that meet in person or virtually?

I personally like the buy-and-hold strategy and we help clients who share this long-term, wealth building mindset. 

If property is done right even in todays market you can hit 1% rule and attract very desirable college students.

I financed the acquisition of the land with personal and private money.

Personally, I think this company is probaby about to go out of business - they have lots of inventory, and it's not exactly prudent to be investing in FL in the coastal areas now anyway.  

@Sonya Sharova I haven't personally done Frank Rolfes boot camp but I have heard it's great.

Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?

I personally would not invest in detroit as historically its not a appreciating market and for cash flow and I invest primarily for appreciation - I go off the location location location mantra.