Many experienced mentors in this group can help guide you in the right direction.I highly recommend saving as much as possible and setting aside a hedge fund for financial security.

If that’s the case, I’d recommend considering areas outside of Dallas proper where you can still find properties with strong growth potential.Cities like Prosper, Melissa, Princeton, and Anna are excellent options to explore.

Start by asking for recommendations from local real estate groups, Facebook community pages, or other landlords in the area—they’re often the best source.What do you think about getting a good referral from a good property manager?

Better rate would help your cash flow.i would pass,  more relevant is I recommend you pass on this purchase.good kuck Hi Dan, thanks for the reply.

@joseph Interested in your recommendations. 

Immediately the recommendation changed and now my inspector leaves no stone unturned.

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

I specialize in STR & Co-living concepts, which I recommend for the highest rental income potential! 

What would you guys recommend for the yard?

The calculation involves:Selling Price: $1,075,000Original Purchase Price: $355,000Depreciation Recapture: $105,300 (taxed at 25%)Capital Gains: Sale price minus original cost, minus depreciation, minus selling costs (~15-20% federal capital gains rate for their income bracket).State Taxes: Since the property is in California, state capital gains taxes will also apply.Given the multiple layers, I’d highly recommend your parents work with both a CPA experienced in real estate and a qualified intermediary for the 1031 if they choose that route.If you need recommendations for professionals in Illinois or California, feel free to ask!