I have a few ideas/tools in mind to get into my first deal, although I don't have to execute all of them if they don't make sense financially: 1.

He has already submitted an application through Zillow, and we have the contact number of his current home manager.Please let me know if it's still a good idea to ask the potential tenant for a recommendation letter from their current landlord, or if calling the manager would suffice.By the way, what should we do if the tenant has simply provided a friend’s number, and the friend pretends to be the landlord or property manager, or if he just make fake letter?

We've thought about subbing out to a proper "property management" company but we really don't need help collecting rent or expenses (this is all done electronically online) or even finding new Tenants on the odd occasion when we have an Apt turnover (we use Brokers for that) ...

For those new to the idea of cost segregation, it is like getting a free loan from the IRS.

Properly executed, an investment in these types of property can garner substantial passive losses, often equal to the amount of capital invested (or more) even in years where the benefit begins to sunset.A few words of caution: - The tax benefit is valid as long as the gain incurred from the sale of property AND the investment with bonus depreciation occur in the same calendar year. - Be careful not to let the "tax tail" wag the dog.

It's always a good idea to hire a licensed electrician for any electrical work.This all comes down to how much you or your partner is available to manage the project. 

An important piece of info I left out is I currently live out of the country so house hacking is not a possibility, although I think it is a great idea.

It's a great idea though. 

I firmly believe in the power of networking and collaboration to unlock new opportunities and propel our collective success forward.Whether you’re a seasoned investor or just starting out, I’m here to share insights, exchange ideas, and explore potential partnerships.

If you do decide to invest in Florida, it's a good idea to enlist the services of a reputable property management company to help with tasks such as screening tenants, collecting rent, and property maintenance.It's important to manage risks when investing in out-of-state properties because it can be more complicated and may need local support from property managers, contractors, and real estate agents.