So build in a buffer. 

Then one day my father-in-law said “Why not build?”

If someone was building their home new (or major reno) for the first 5 months of the year and then places the property into service in June, does the first 5 months of contractor work (building the new home) count towards the calculations or does the timeline only start after the home is put into rental service?

Maybe a more cunning way to move forward would be to own a motel, maybe with a very experienced motel business partner.Or maybe a Pool Hall, or an LP in a new waterpark, or something like that.I've seen hard times crush men, and I've seen hard times make men refused to be crushed and come back X a ton.It's all in the mind and the will to keep fighting.Many in here have given possible ways forward.It would seem wise to focus on building up a pile of cash again.Talk to your tax consultant about the specifics of your situation too.....Good Luck!

Great place to buy because of Intel plant $20 billion; Google building 3 data centers; Amazon & Meta buying hundred acres of land!

My name is Hogan Chouinard and I am new to real estate investing, I have been wanting to get involved with real estate for a while because I want to give myself financial freedom in the future by putting in the extra work right now, I want to start a real estate portfolio that I can continue to build on over time for years to come, and I am hoping that I can meet some people on bigger pockets that can help me along the way!

There are a lot of factors at play that are hard to what-if over the internet based on a couple sentences of info.

We are complete rookies lol , but we are ready to begin our journey to building our portfolio.

Yes but does does not hurt to network now right and build your connections?

Market Selection Criteria: To choose the right market, consider factors such as:Economic Growth: Look for markets with strong job growth, a diverse economy, and increasing population.Rental Demand: Identify areas with high demand for rentals, which can be indicated by low vacancy rates and high rent-to-price ratios.Affordability: Ensure the market offers properties within your budget that also meet your cash flow and appreciation goals.Property Management Quality: Verify that there are reliable property management companies in the area to handle day-to-day operations, especially if you are investing from a distance.Comparative Market Analysis: Perform a comparative market analysis to compare potential markets.