I'd recommend starting off of your strategy/property type and then going from there.

If short term stays are allowed in your area, that might be another strategy to get some good reviews before switching back to a medium-term strategy. 

Thanks to the Cost Segregation Study, the property investors were able to reclassify the property into the following categories to accelerate the depreciation:The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

@Jeremy WillcoxsonIt all depends on your REI goals and the strategy to get there.

If you leave it up to them to figure out, they are probably never going too.Another strategy could be to Lease the entire portfolio with an Option to purchase for cash (or terms ) after they pass away.

I know about HML and PML, but Jake’s program seems to go into a lot of different creative strategies.

Still, if it needs constant reno/repairs, just make sure its worth it and you've run your numbers properly.Yes, it really depends on what sort of life you want to lead, aswell as your investing strategy and goals:Just assuming that half your gross income goes to str related expenses and maintenance/renos, your yield on equity is about 6.9%. 

For example, I work with dozens of national private lenders who fund rehab projects, new construction, and 30-year fixed loans for rental properties.

You’re definitely starting off with a great strategy. 

Single family, condos, townhomes, multifamily, vacation rentals.I'm interested in all and am ready to find which strategy will fit me best.Thank you!