Partner Driven was interested in the Schilling Road deal in Onalaska, WI, due to its high profit potential with a purchase price of $280,000 and a sale price of $375,000.

I think one of the biggest challenges or risks is the over-dependence most of us have on the OTAs.

Vacancy: I know it is prudent to be conservative with vacancy, but I have confirmed with the tenant he wants sign a lease for a minimum of 2 years and potentially up to 5 years.

Although not required in some states, a lender having a mortgage license really protects the consumer from any potential fraudsters. 

Here are a few considerations to help you decide between a 4-plex and a duplex:Cash Flow and Returns: A 4-plex typically generates more rental income compared to a duplex, potentially offering better cash flow and returns.

Another option that can potentially be free is looking for a mentor who is doing what you aspire to do in real estate and see how you can be of value to them so you can learn while helping their business.

From there, it takes about 20 of these potential sellers to get you a deal in 3-4 months.If you're calling higher quality lists, those conversion rates can improve a LOT, data quality is everything. 

I’ve found a potential deal with an open minded owner.

I think by going through those steps you'll have a better perspective on the area and the current and future potential.

When you have a big cost segregation depreciation plus your big startup expenses such as furniture and supplies, and you then have a big tax deduction against your big W-2 income because your passive losses are no longer limited with your big material participation, it increases your audit risk a ton.