Large Commercial - There will be a lot of opportunity in this space, but at this time we have around $35M raised which for large commercial is not a lot and I prefer a broad  and diverse portfolio.

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

Market rents in this area for those size units are closer to $1,100 (a little more, actually).Previous owners owned these spaces for a very long time, so their taxes were low and those rents were manageable for them.

Network with property managers.

I'm 3+ hours away and would hire a management company to take care of the property.

It's exciting to see your focus on building a real estate portfolio for financial freedom!

I tracked it and heard from the property manager they may take $1.3mil, but they didn't even flinch at $1.2mil cash, and we got it done. 

Do you manage your property yourself?

Hey @Brandon Wallace so first, you are managing a Short Term Rental, not an AirBNB.

Does anyone have a realtor/property manager recommendations.