Additionally, you need an agent who specifies in this type of asset.

Whether you're a seasoned real estate pro, a savvy entrepreneur, or have an inspiring story about achieving financial independence, we want to hear from you.

It may pencil on paper, but you'll likely be underwater net of all costs of truly owning a physical asset.

While I understand that some individuals utilize LLCs for anonymity, my primary goal is to prevent these properties from falling into disrepair or becoming abandoned assets in the city.Would it be appropriate to contact these lawyers to discuss the status of their clients' properties?

It appears that the full building is a rental(business asset) which is therefore, eligible to benefit from the cost segregation study.

It's important to consult with a tax professional who can advise on how these strategies align with your overall financial situation, especially considering your full-time employment and income structure.Moreover, as your portfolio grows, and particularly if one spouse can transition away from W2 employment, the landscape of your income and tax liabilities shifts.

Decide if your aims are financial fre­edom, building wealth, diversifying inve­stments, or earning passive income­.Get your mone­y right: look at what you've got saved and where­ cash flow's coming from.

Take care to not commingle funds.The best advice is for you to spend money 💰 with an attorney in your state that is focused on asset protection.

The lender will want to know about their financial background in order to underwrite the loan.

You will want a dedicated STR policy which goes farther in protecting your asset and yourself.