While tax implications are significant, they might not be seen as central during the initial formation stage.Specialized Expertise: Attorneys and GPs often have specialized expertise in real estate law and investment strategy, which they prioritize in the early stages of fund development.

Keep in mind a purchased warranty is really just a type of "insurance" 

But then, some would argue that instead of LLCs (costly), I should hop for an Umbrella Insurance. 

What types of strategies are you intersted in?

We provided that and he was happy to get on board with those strategies.

I also want to plan exit strategies when the return on equity gets low.

You should also get homeowner's insurance to protect what is now your asset.

Our strategy is to improve the property and raise rents above the HUD rate. 

As accountants we need to keep clients realistic about tax goals and shoot town the "I saw on tiktok" or "produce clerk said this strategy" to keep them on track and their networth growing in a smooth and tax efficient way 

Hey Jason feel free to DM me - new wholesaler but experienced investor looking to build out my team and strategy more.