For those of you that have, was it critical to getting your rei career started?

Hint, FICO score is not the critical factor.

@Stephen Brown That is a very good point you mention about there being demand within submarkets, so that's where having that local knowledge becomes so critical.

Again, it needs to be evaluated one-on-one before we know whether cost seg helps your parents.One critical distinction is that they bought a short-term, as opposed to a long-term, rental.

I like to use the top down approach sometimes if it's not critical to have it rented asap.

The after-setup support of such tools is much more critical to ongoing success and IRS compliance, and working with a firm that really knows this field and has tax, legal and real estate investing expertise may look like it costs more, but will actually save you a lot - potentially the tax-sheltered status of your retirement plan.It is unfortunate that Mr.

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.

Here's my question- in this arrangement, I think who procures the material is critical for tax purposes...if I purchase, and GC reimburses, then could that be viewed as income?

Most critically understand the deal breakeven point, when the collected rent will only basic expense leaving nothing for the LP.

Constructive criticism is welcome.