This includes internet research, books, interviewing long time investors, fund managers, brokers.  

This includes individuals who primarily have W-2 income from employment, basic investment income, and perhaps own a home or have standard deductions.Rental Property: If you have one or two rental properties and feel comfortable managing the related expenses and deductions, tax software can handle this level of complexity, especially if your transactions are straightforward and well-documented.Complex Scenarios: Hiring a CPAWhen to Consider: As your financial life becomes more complex—such as owning multiple rental properties, running a business, dealing with investment incomes, or having special tax considerations (like inheritance or foreign income)—the benefits of hiring a CPA increase.Cost Consideration: Hiring a CPA typically costs at least $1,000 to file your taxes, which can increase based on the complexity of your return.

This could include new construction loans, down payment assistance programs, private loans, hard money loans, and rehab loans.Compliance & Legal Support: Does sponsors usally help you navigate the ever-changing regulatory landscape?

If you didn't report your expenses for furnishing, repair, and renovation on your 2023 tax return, you may still be able to claim those expenses in the future when you generate rental income from your property.When you do start earning rental income and need to report it on your tax return, you can deduct eligible expenses associated with renting out your property, including the costs of furnishing, repair, and renovation.

In theory we could buy a house with him and rent it for ten years and break even, pay the debt down, build credit, and later maybe he lives there.

Then you’ll hire a general contractor who will sort out permits and oversee the construction, which includes a bunch of inspections like framing, electrical, and plumbing.

Does your rent include all utilities, if not factor that cost in.

If so, take photos of the place before you clean it and send a bill to the last known address including any cleaning costs and unpaid rent. 

Buying a 4+ bedrooms with a bonus room or flex rooms they’re able to charge from $650 to $750 per room including utilities.

And of course you have to break it down by property type.