Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

I'll be moving for work on an international relocation in 1 year, and plan to keep my primary residence and rent it out (Assignment will be for 2-3 years).

Are you planning to create a business entity out of which you with either hold and/or manage this property?

Im planning to terminate her lease.

My original plan was to rent out the space to Section 8 tenants, but from my experience so far, dealing with Baltimore City housing and inspections can be a serious pill.

The police never reached out to me.Fast forward 10 days later and I'm getting a notice that I have to appear for an administrative hearing because I was "allowing" gang activity to occur and jeopardizing the safety of the community.

Seeing possibilities that others perhaps don't see, creative planning of property use and creative ways to turn a property, all these can make or break a deal.Another aspect is patience. 

Contributions to plans like 401(k)s and IRAs can grow tax-deferred, or even tax-free in the case of Roth IRAs.

*This is the new aspect for me, so if you guys have any extra tips like "try calling the utilities rather than doing a search", or "always double check with the zoning & permitting boards if you plan on doing STR for air b&b licenses", or even seeing if there are any extraneous departments that can cause headaches later like city inspector or the fire marshal, or some other thing that would be good to know about.Thanks so much in advance everyone --Side note, it is so refreshing to come to a site where people *want* to learn about title.

This is why it’s so important to engage with a tax strategist for proactive tax planning.