With thoughtful planning, you’ll be well on your way to building wealth and achieving your goals.Good luck! 

Just a simple 499 sq ft city approved plan, single story, 1 bed/1bath/full kitchen adu with living space.

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

That’s a helpful perspective as I plan out my projects.Thanks again for sharing your insights!

My plan moving forward is to acquire another 20 doors before years end and I'll provide another Portfolio update around then.Happy Investing!

I appreciate your plan to do 1031 and get back into the game.

No, he's not an architect, he drew all designs, floor plan, site plan, etc, and we had a structural engineer design his part, and paid an architect to sign off on them.  

I plan to do some of the work myself.

I didnt mention I already have a trust and yes the plan was either to put those in the trust.

We both run our own businesses but we feel that real estate will help make sure we both maintain our life plans of not needed to work as much any more.