Regarding materials, it's not just the units.

As a GC I can advise try to retain control of your finishing material orders (anything where you need to make a choice ((tile, flooring, lites, faucets, tubs)) vs. construction materials (2x4s, mortar, shingles)) because we get those discounts on the finishing items and we keep them!

😁 Your Name - Joel and Mary Ann Bongco  - Honolulu, Hawaii🧠 What would you consider your area of expertise - Tech, REI CRM,  Offshore Lead Generation Analysts,   AI Driven Contact Centers,  Hawaii Real Estate Investing, Market Place Leadership  (Mission Driven Real Estate Investing - People Over Profits)🙌 What are you most looking to get out of BPCON 2024 -  Networking, creating new relationships, finding out "what we don't know, we don't know regarding Real Estate"  🤝 Fill in the blank: If I could make a great connection with someone who is an expert in _________ at BPCON2024 then I would leave BPCON happy - Scaling our Real Estate Portfolio 🗓️ What session are you most looking forward to?

What information or materials would I need to file one?

The labor and materials cost varies widely in different markets.

Compared to pre-TCJA rules, there is no material change in the tax treatment of a building involved in a like-kind exchange, where a cost segregation study has been performed.

An idea we have is, I am burnt out from W2 life, and wife makes great money (+$300k) , and I could take the year to repair/renovate, manage, rent, repeat the units in the MF qualifying for REPS status (50%, 750hrs, material participation, etc). 

A cycle is something that is driven by a mechanism and has a repeating cause and effect that brings you back to where you started on a predictable pattern.2008 was a unique set of circumstances and I hope everyone can rattle them off by now. 1929 was also unique but VERY different than 2008. 

Not saying I would abandon this if I can't qualify for the material participation, but it is a factor.Any input is much appreciated!

I am wondering if anyone would recommend any real estate investing courses, podcasts, books, or any other educational material that has helped them in their own career?