After two decades in real estate investing, I'll give you the unvarnished truth about building wealth through property.First, forget the TV hype about overnight riches.

For outside lighting if possible invest in good quality solar exterior lighting to help control the electrical costs.

I have a strong feeling that if I have my hands in on any investment then it will turn out great.

They are the classic bad syndication company that makes risky investments with bad financing structures.

Is this your first investment purchase altogether OR your first purchase using a HELOC?

@Michael CliffordRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Lots more revenue for the same cost to build, other than land cost being higher.Or instead of investing more, take more trips to Sicily to see our son in the Navy and to enjoy some Chianti.

Section 721 of the Internal Revenue code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) or an Operating Partnership without triggering a taxable event.Many investors are aware of a 1031 Exchange where an investor must find a replacement property to defer capital gains taxes on the property that was sold.

I have been investing in SFH (single family houses) and using the STR (short term rental or vacation rental) strategy for the past 6ish years or so.

(especially for those involved on this website)The reason I mention if it matters on this website is because most are real estate investors(long term buy and hold) and will most likely operate at a tax loss which doesn't have an impact on taxes.The second point is, will you invest or not invest in a good investment because of what your tax rate is?