Providing Ongoing Support:How can I create a supportive environment that fosters continuous learning and growth?

They will charge you $25k to connect you with a CPA who is not a WealthAbility employee, they are contract workers.

What does my in law have to do to like work wise to be my employee?

Having independent contractors or staff employees do your work on the property is a much better approach.

Bottom line if your going to be self employeed you need to make more than just replace your W2.. at least in my experience.

If you are stuck in the business you're not running the business as an owner, you're really a technician and employee of that business.If you want to be an owner, great, learn to delegate.

@Julia Trudeau, You can't have Solo 401k if you have employees.

They can just go to Airdna and check how much money the average short-term rental in Punta Cana makes and they'll have an objective answer.Finally, I'm getting bombarded by messages from Dominican developers building short-term rentals in Punta Cana so, when looking at the statistics, bear in mind that the supply and therefore competition is going to increase significantly.My dear friend, due to the tourist, real estate and industrial development, there are approximately 100 all-inclusive resorts along the entire coast of Punta Cana, Bávaro and Miches, Grupo Punta Cana is the pioneer company in tourism and development of the Punta Cana and Cap area. cana, this same company is building the first and only Hublogistico in the entire Caribbean, guaranteeing thousands of jobs not to mention that each all-inclusive hotel generates from 1 thousand to 4 thousand employees depending on the hotel, not counting jobs in the construction sector, airport, local businesses and also businesses to supply the large demand for food and products in the hotel sector, including the entertainment and art department of hotels.Since you mentioned that it is impossible to compete with an all-inclusive, obviously a 100-square-meter apartment cannot compete with an all-inclusive with 1,000 rooms.

Throw an LLC together with a few people with $1m each, and buy it, San Francisco isn't short of folks who got lucky with this or that IPO and have the money, most of those tech companies have an unofficial employee-maintained slack/discord channel where they talk about real estate stuff.

With the right property manager, preferably one with good relationships with the local Section 8 offices/employees, you could definitely do well with the investments.