I have been considering which area of REI to begin with: multifamily homes, mobile home parks, or short-term rentals.

I'm also looking to build a reliable team, including an agent or property manager, to assist with this long-term investment.If you have any recommendations for the area, I'd love to hear them.

Long story short I ended up selling this one and broke pretty much even a little over a year later.

@Jane DangThe short answer is: 27.5 yr depreciation.The long answer is: the line you are asking about, the one between repairs and improvements, does not exist.

Use a cash out refi to reinvest into more long term rental propertiesTake out a HELOC for a flip/other short term gain opportunities 

Mitigation Strategy: Investors should evaluate the long-term appreciation potential of properties in rent-controlled areas, considering factors like location and market demand. 3.

I am looking to buy more properties but putting down 20-25% each time plus closing costs etc is a lot of money that I also want to allocate to other goals.I have heard partnerships are a strategy to leverage other people’s money to create deals that will benefit both sides depending on terms that are setup. 

The inspections hold you to a higher standard, yes. 

As far as STR goes, you can house hack the property that you first buy (in a single family home or in your unit of a multifamily property) and potentially do short term rentals in all of the other units or in your exiting property.STR as a way to invest is getting more challenging currently as supply of new STR inventory has been outpacing the demand for STRs.

They said that my parcel of land can hold a max of 3 units so I can either extend the current property into a triplex or add a free-standing unit to the land.