@John Kunick, I live in the Eufaula area, south of Tulsa and I'm looking for a great CPA who is an expert in Real Estate tax planning and advising. 

I don’t know when you’re planning on retiring but I would venture to say you can work a few more years and save $300k a year and spend that on additional investments and in a few years increase your net worth by at least $1 mil.

There are no specific plans developed at this point that anyone can offer advice on - I'm just overwhelmed and I feel like we're on a bit of a time crunch to get something going.

I think it's also worth mentioning that having a Plan B replacement property is also critical in mitigating the timeline risk.Even if the preferred replacement property is already under contract well before the 45-day window.There are many unforeseen circumstances that could result in a deal falling apart before closing, even if things appear to be smooth sailing from the start.

I have been reading up a bit on how to creatively to this and I havetwo LLCs that operate in separate industries that I was hoping to leverageBelow is the plan I have1.

From their credit report, it appears they are making regular payments and haven't been late with any payments on anything in several years, so perhaps they just put their wedding on the cards or something and planned to pay it off, but I don't know.

I'm invested in a property near the Grove that's executing that business plan now.At a simpler level, that might mean buying a house with a garage, converting the garage into an ADU, and renting out the ADU.I think a super solid first step to get into the LA market is to househack a home or a multifamily.

I think both will go up in value over time and you will see a return if you plan on this being a home you live in for 10+ years.

First question is if I have someone who is planning to rent out a room in the house and have a signed lease agreement can this be used towards the income to purchase the house?

Plus these insurance rate averaged $6,000 /year, so $500 / month...