Does anyone have a good resource for some sort of turnaround plan or success plan they have put together as essentially a business plan for a multifamily property?

To qualify, you generally need to spend more than 750 hours per year on real property trades or businesses in which you materially participate.

I am planning to liquidate a couple to put into the down payment.

Would be amazing to spend less than 1/3 the cost and save days...

If you plan to BRRR it, you should chat with a local lender about seasoning.

I'm not planning on ever selling but yes, I would disclose this in the future.

All that being said, I still plan on finishing my licensing because all that’s gonna do is just help me more.

At some point, either after a 3-5 year single tenant stay or after x number of tenants, you do have to spend a decent amount of funds to keep a property looking "fresh" enough to get +95% of market rent..

You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

Hence, I plan on transitioning to Commercial Real Estate as soon as I have enough knowledge on this field.