Thank you so much for your responses. 

Are you interested in doing so in the near future?

Here is a framework to think about how buying properties creates the most tax efficiency for you.The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so low value land properties mean more tax deduction.A value of your overall purchase will be assigned to the land or lot.You receive no near-term tax benefits for buying land.For example - If you buy a $2 MM industrial building outside a rural town on 5 acres, the land value could be $5k an acre.

I have been investing in SFH (single family houses) and using the STR (short term rental or vacation rental) strategy for the past 6ish years or so.

At the beginning of every winter season, I send a message to the tenants with the account information and let them know to call the gas company if the heat goes out.  

I have read that you can contact  the nearest hospitals  and offer services, so how is this done successfully out if state and what are other means for the example staffing agencies. 

In Austin, I know Horizon Bank has been open to more creative financing strategies too, so it’s worth checking with them.One thing to keep in mind is that the terms can vary wildly depending on the institution, so I always recommend reaching out to a financial advisor who’s well-versed in life insurance-backed loans before pulling the trigger.

So I wanted to create this post to help those looking to make their first investment! 

If so, what did you update and did it add significant value?

I want to start advising my buyers to use land trust transfers when we acquire properties that have underlying notes since we are seeing an increase in notes being called.