@Collin H.With credit card defaults and auto defaults on the rise as well as overall debt - people will start tightening the belts and first thing they will get rid of is spending on travel and vacations etc So reading this I am not surprised - how has 2024 been compared overall to last year ?

I wouldn't touch this property with someone else's 10 foot pole.I don't do ANYTHING with foundation work.There are people who do, and that's awesome for them.

It's a bit of a quiet area but local people may find a STR of interest there.

I’ve heard of people getting rehab loans where you put down %20 of the acquisition price and %20 for the rehab and you get much better terms than an HML.

@Michael PlaksIntro to other people isn’t self serving.

I am hoping to meet people who I can learn and grow from and want to invest in me and what I'm capable of. 

I keep hearing how people are cost segregating, but I have pushed my accountant numerous times on this and he just saying that if we did the cost seg, all of that depreciation would just go into a reserve that would then be applied when we sell the home. 

The people who continue grinding will be ahead of the curve when it becomes a buyer's market.

I have implemented a system where I call people 45 minutes before they are scheduled to come view a unit.

Real estate has so many tax benefits and credits available, that I always tell people it's crucial to have a CPA that's extremely knowledgeable in this area.