Just need to understand what the numbers are versus the words. 

I understand your excitement about taking the plunge into real estate investing.

Here's some tips, Research the Market, Understand financials, look for multi unit properties, consider legals. 

In this case, the loss limitation is $25k per year AND your $25k loss threshold for the year begins to phase out at $100k in income and are completely phase out at $150k.If you have real estate professional status and are materially participating in long-term rental then the $25k loss threshold is removed (there is still a business loss limitation that you need to be aware that f but it is much higher then $25k) Would recommend finding CPA that understands real estate and REPS.

Education Includes determing your best investment strategy, real estate strength & weaknesses, current and projected real estate market, and coming to understand what you don't know.Bigger Pockets is a great place to learn through blogs, posts and contacts here. 

I have a ton of knowledge and really understand the Detroit market on a deep level.

None of them knew if there was an HOA or what the dues are....or that there are probably 50 other lots for sale there on MLS.I would also start by reading and understanding the laws in your area.

July and August were our best months ever.While I understand COVID is still around, the strategy is still solid.

@Amran MusaidYou need to to ask the seller as typically seller will only be in first position and not take on a second - so before going to deep down the rabbit hole this is something you will need to understand

While running some of our options thru Awning.com, we noticed that having a hot tub in some areas changes the revenue dramatically (+/- 20k+), while in another area only a few miles away a hot tub has little to no effect on the potential earnings.Can anyone help us understand why this might be?