Real estate can be unpredictable, so having a diversified portfolio can provide more stability.Key Lesson #4: Understand the True Costs of Ownership Another critical lesson was understanding the true costs associated with real estate ownership.

Since you're not working, you may qualify for REPS, but you need to meet the750-hour requirement and materially participate in your properties.The $300k withdrawal will be taxed as ordinary income, so using cost segregation to create depreciation losses could help reduce your taxable income.

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.  

So, do the math, spread out the risk, and you’ll be solid.PS: I own 30 properties and manage 300.

No follow up on either one.I know everyone is very busy so I haven't been pushy but I feel like I am not really getting any value from this relationship.

So neighborhoods haven't improved noticeably since they were half the current price.  

There is so much content already here on BP, why don't you just spend a little time reseraching?

Any advice would be greatly appreciated, thanks so much! 

I own a PM company so I've heard tons of stories and have developed good strategies on how to deal with it. 

Someone you can trust.Start small – Aim for a light cosmetic flip on your first go so you don’t get overwhelmed with a full rehab.Hit me up if you need anything.