Same thing .. you can manage his properties but a Realtor's License will help you greatly .. a property manager can handle other peoples properties with a management agreement.

When investing with a partner, you’ll each claim 50% of the depreciation and share expenses (like repairs and interest) equally, helping reduce your taxable income.

It doesn't bring the annual gross income which is huge in helping someone to decide if the deal is worth it.

Good morning everyone,Curious to see if someone could help with the following question:If I perform a cost segregation study for a short-term rental property purchased the previous year, would I amend the return for the previous year or adjust in the year of the cost segregation study?

If i can help at all, let me know!

Doing so will help others to not make the same mistakes and disarm scammers in certain cases.

You may have neighbors willing to help now and then, but it's unlikely you'll find a neighbor willing to do this all the time, every time, for years.In my experience, most landlords lose far more money through self-management than they would by hiring a professional, even when they live close to the rental.

Fortunately, the markets helped me and I made money from the sale of the assets - but I did not make much in cash flow, which is why I bought the properties. 

I'm not in the Jacksonville market but let me know if there is anything I can do to help you out along the way. 

If anyone has referrals or knows of reliable channels (like Google or specific websites) for finding licensed contractors in the High Point/Jamestown/Greensboro area, I would really appreciate your input.Also, any helpful tips and experiences related to construction, dealing with appraisals, titles, and refinancing would be incredibly valuable.