For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

I had a negative experience buying and leasing in another state and felt frustrated to not be close by.

It is a legitimate business, but that doesn’t mean you have the experience, skills, knowledge, time, dedication or capital to be successful.

We've already collected around 20,000 pre-reservations, equating to approximately $30 to $40 million, and have received hundreds of requests to build individual units.We’ve completed the first unit, which has passed the final county inspection under a residential permit, and are actively working on the second phase.

I'm also looking to help owners manage their vacation rentals since I have experience as a remote self-managed owner.

I am trying to get my str accounting streamlined and they seem to have a robust platform but my experience with 3rd-party remote accounting firms was shaky in the past.

Yes, I work for BiggerPockets but I am an individual with my own opinions.  

I'm guessing the management company would collect all rents, pay expenses etc and the individual LLC would just own the real estate.

It's essential to review the plans carefully, ensuring they align with your investment goals and local building codes before making a purchase.From my experience, BlueBeam provides the most seamless and fast collaboration between people on the project (architects, builders, owners, investors, etc.)

Partnering with a high salary/low time individual may allow you to scale much faster.