Keep looking, but be prepared for higher interest rates with maybe maximum of 65% loan amounts (hopefully more though).

The long hours and dedication will pay off as you learn the ropes and prepare for your first investment.

Sorry for the slow response had a wedding to prepare for at my house and just in recovery after being in the hospital.

Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?

Well, at least it's much easier to gather 201 hours than 500 hours.

Also, you need to be prepared to screen prospective tenants yourself and verify vouchers before committing to lease.

Build a team of professionals, prepare your finances, and carefully select a property near high-demand areas like hospitals or corporate hubs.

However, it’s important to price competitively and be prepared for buyers to request concessions.

I'm trying to prepare incase this is true.

With the right due diligence, this could be a valuable investment, but only if you’re prepared for the legal and logistical hurdles.Good luck and blessings!