Quote from @Sri Reddy: We are a team who are venturing in to constructing a multifamily unit from groundup.We don't have any prior experience in construction and are looking for financing loan options.

While we are not tax professionals ourselves, we do share how we ourselves have made millions and paid very little taxes along the wayAlso @Eli Edwards A network of relocation specialists is not a reason to invest in a course.  

Yep, we are in a similar situation.

Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.

If so, I know credco for us sends someone to our office to make sure we are compliant.When we boarded on the IM side it was intense but I actually am glad to go through that process, it means they are serious about compliance.

We are not real estate professionals.1) How would you handle the classification of the property in the 2023 tax year and would you utilize a STR depreciation strategy?

Our Underwrite takes 24-48 Hours, if we are provided with clean and correct documents.

Where we expected to gross between $30-40k, we are grossing $60k and generating around $2000 per month in cash flow.

We are currently under contract on one of the lots.

We are interested in using the equity for a real estate investment, and are looking for ideas, suggestions, or investors in similar situations.