Those who think an umbrella policy is enough miss one important point: if your policy has to pay out, that means someone took you to court, and you lost.

If you or anyone you know offers services in these areas please list them out. 

You are looking at it correctly, as others mentioned trying to avoid a PG is challenging, especially when starting out. 

I thought so too, at least from what I'm finding out. 

I am more focused on building to sell than rent with this strategy at least starting out.

The bonus depreciation goes down to 40% next year, so I want to make sure I would still qualify for the 60% bonus depreciation by purchasing the property in 2024, renting it out, but then taking over the managing of it for the remainder of the life of it.  

Hi @Savannah Holzer, I'd like to start with california and spread out to central if the CoC turns out with low returns.

The reason people seek for distress properties, so that they can acquire the property at a low price and renovate the house aka "value add" so that they can increase the property's value and create sweat equity, then pulling the money out or cash out we call out so that investors can liquidate their money and reinvest on the next project @Albert Bui @Carlos Valencia

Find out what is included in the price that you were quoted from each practitioner- because you may not be making an apples to apples comparison based on just the prices- although they might all be offering the same thing at different prices.Good Luck!

Feel free to message me for more info, I'd love to help out!