I created an account a while back without much initiative but now I have returned looking to learn the BRRRR method.

@Bryce Henson my understanding after dealing with reverse mortgages is that the reason it’s listed too high is likely there are rules in place for selling them, there’s a determination of list price from the lender,must be listed at that level for a certain time, then they’ll re-analyze and potentially drop it if it doesn’t sell in that time frame.

You collect it on behalf of your "clients", so you should follow whatever fiduciary rules are necessary in your state for that. 

@Tyler Ferguson It will be a little easier for your taxes and finances if you create a separate account for all of the property's income and expenses including the personal and rental part.

Focus on the numbers, finding/buying/creating an opportunity, and maximizing the potential.

Instead, my recommendations would be to not only visit the places you've already mentioned but perhaps also attend a few local real estate meetups in those areas to get a really good sense of what's out there in terms of the lay of the land.BP is great for connecting you with local brokers/investors in the areas btw, simply hop into any of the local forums and create a post that you're looking to chat with someone! 

. - Tax planning for 2022 and future years - Want to understand implications of doing STR and material partcipation rules. 

Here are some other important 45-Day rules to consider: - If your parents cross the 45-Day threshold with identified properties, but subsequently fail to buy them, they cannot get their money back until Day 181 when their exchange is complete. 

A customized plan that supports your objectives can be created with the assistance of a financial adviser or real estate specialist.Good luck!

Then, an easement would need to be created alongside the first house to allow access to the others behind it.