All of my landlord clients I train to self-manage.

I remember working with a client a couple of years ago who wanted to do a 1031 exchange into Phoenix multifamily.. they had some numbers in mind, but no framework beyond “I want more doors.”

Renting, like hiring an employee, taking on a business partner or client and marring (even more so), are relationships that can be costly if made hastily or imprudently.Like others, I have check lists that I do not deviate from. 

I feel this gives me the flexibility to find the right solution for my client and not just sell what my bank offers.

My clients would definitely agree.

My daughter is an Agent in Vegas I suspect they are going to get a lot of overflow as well since there is no income tax there and prop taxs are basically the lowest in the nation.. my mid term rental I have there has routinely been leased out to insurance companies paying for their clients that had a fire .. or this last one they were building a new personal residence that took over a year. 

@Namal Burman, your post caught my eye because I had a former client-now a good friend-who found herself in a similar situation.

I had a client considering a building on that edge that you mentioned just yesterday.

Benefits include immediate tax savings via bonus depreciation (60% in 2024), but depreciation recapture tax applies upon sale.This post does not create a CPA-Client relationship.

Through a client and a lot of research and connections through my Personal Training Industry How did you finance this deal?