Rarely appreciate in value as you are selling a component of it and makes it very difficult to maximize value.

And the manager is not financially aligned (and in my opinion, doesn’t do as good a job of screening tenants, etc., as I can).

[NAHB]TP: The overall index figure is driven by three components: Current Sales Expectations, Future Sales Expectations, and Buyer Traffic.

We're planning to start investing in real estate next spring once we reach our cash-saving goal.After some research and consideration, I believe the BRRRR strategy aligns well with our financial goals. 

Evaluate the numbers and your time energy lifestyle for managing rentals out of state and how those align with your why you're investing in RE. 

hahaYou know I love you mateThey have various inspections CheaperDigital and easy to understand portal Best if you need to do more inspections over a year as all data is tracked and in the same placeNo BS PDF’sWe love them mateThey are another component that we added in order to pretty much make our entire operation digital and to not be dependent on local and incompetent folks 👍

Understand EVERYONE has their own agenda, which may not be aligned with yours.

Just keep communication tight with your loan officer, attorney, and board to ensure everything aligns with your closing schedule.

Hi @Fiona Humphrey and @Melinda VaughnundefinedAnd anyone else on this thread.Melinda, what are some of the components you find necessary to set the contracts up correctly?

Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.