I heard that short term loophole is a one time benefit that you get the year you start service. The following year would be considered passive, so even if you materially participated, it would still be passive the fol...

I would save more money first.

Figure out whether you are a visionary or integrator first & then find your opposite.

The first year I acquired land through owner financing and then I lost my job, so I lost the deal.

@Austin Berlick,There are essentially two ways to outsource the grunt work of “landlording”—unfortunately, both will eat into your margins.The first is to hire a professional property management company—this will cost you between 5% and 15% of rents, plus surcharges for out-of-scope services.

This is my first deal underwriting with some help from a friend in the BP community, he has more underwriting experience then I have but I am a beginner. 

It is never too early to start, and I think a great first step was posting on BP. 

My husband and I purchased our first distressed property in late 2023, renovated it ourselves and sold it last week with a 79% ROI.

I planned to purchase a home first, settle in, and look for a job closer if commuting is too much work. 

First time JV fix and flip How did you find this deal and how did you negotiate it?