Hi All,I currently have a 1/4 acre residentially zoned plot of land under contract via a land purchase agreement with the owner on the main street of the Town of Mount Rainier, MD (PG County), and a couple blocks away form the DC border.The market in the area is pretty hot, and the lot sits close to 2 major mixed-use developments (one of which, Studio 3807, which has been called the biggest residential development in PG County).I do not own the property outright - the owner still holds the title & deed, and I am technically leasing it with the exclusive option to buy. 

This is a long term investment, and as long as the renter pays the majority of the expenses, I'm fine with this. 

I do not believe in paying down the mortgages sooner, or buying with all cash, but I am a little more conservative.They Work Full-time Outside of Real EstateBeing a smaller investor and not necessarily having huge amounts of cash flow means that often mom and pop investors make the majority of their income through other means.

If the improvements are lots of smaller stuff, no major repairs, all under $2,500...you would get to take the $8,000 this year. 

I am still new to all of this, but I feel like that is a major draw back.

For me its wine tours apple picking and people wanting to leave a major metropolitan area for a weekend away.

I do this because an issue like a blown heating unit, major roof leak or broken pipe can easily run you a few thousand in some cases.

This seems way out of my league as a first-timer.

Every major PM company in the twin cities has  noon the last day of the month for lease end and noon on the 1st day in their leases to allow for 24 hour turns.  

Unfortunately, the majority of competent financial professionals are experts in their area of focus and, at best, conversant in other financial disciplines.BTW, what is a wealth strategy consultant?