@John Zhang If your wife qualifies for Real Estate Professional Status (REPS) and materially participates in managing rental properties, there is no limit on the amount of rental losses, including depreciation, that can offset your W-2 income.

It really all depends on the lender! 

@Alan Mills You mention contractors not keeping a time line , not General Contractor . 

After it’s built borrow on full value and gift the parents back the land value?

In this case, Azibo was super strong on bugging me when they first started.

Spend at least 2 hours per day researching online about your desired investment strategies.

There are a lot of market-specific issues you'll have to grapple with and also, there are plenty of landmines in MFR on its own in CT that you'll have to be ready for, in addition to the nuances and complexities of developing something like this.

I have about $300k in equity (based on a BPO performed in July 2023) but no cash.

It's great that you're focused on saving and educating yourself before diving into real estate.

What's your thoughts on using Rent Manager for an investor that already has professional property management?