It was like I was educating myself and then taking to my CPA proposing a strategy and then he would think and let me know "Yeah something like that exist but we only talk about these with our real-close clients".

Here is the Capital Gains Tax Rate map by state under the new tax proposal!

But 100% my expectation of the PM would be to handle this, and honestly not even approach me until there is a proposed solution if not it having already been handled. 

Obviously, the actual laws are more complicated, and the above is a very short summarized version.Also, every year, a rent control bill is proposed. 

They're also talking about rewriting the 401(k) deduction rules to a tax credit system, but I have not seen a policy proposal yet.

If you're going to use a PM for construction management and obtain bids from his/her contractors, I suggest obtaining independent bids from contractors of your choosing to ensure proposals obtained by the PM are aligned with market rates.

I do get appreciate the idea of radical diversification you propose, but I'm thinking of this analogy: if you as a team managers have a pitcher who performs pretty consistently and is in a 5 year contract, it's questionable whether you should try to acquire more than one or maybe two back-up pitchers, due to the challenges and the opportunity costs of spending that kind of time and money.

Biden has proposed a few different policies that real estate investors should be aware of!

I've actually come across something called a Festool - a good friend will let me use it this weekend. it seems like it's half sander, half vacuum that just sands/vacuum the popcorn ceilings away.

I’ve reached out to loan officers for more insight but I was hoping to get some feedback on your experiences: Did you work with the loan officer prior to choosing the property (approval for amount first)or did they require you to have a proposal built out for the property first?