I'm starting with very little, but am determined to make it work!

Do you use licensed and insured contractors?

I do get promises.  

The shower is already there, the one thing I am not sure is about the oven to put it in the basement.

Or do I have to actually have the work completed already and paid for with receipts to include in the itemized deduction?

2- IF only $30K is labeled & considered OPTION CONSIDERATION funds paid for the OPTION (thus Not immediately taxable) What do you call or or would be a proper way to DESIGNATE the other $30K in funds given to the Property Seller?

Is there any filing that we should do accordingly?

It grabs you and throws you in headfirst..... :-)

@Jim Blumenthaltypically small multifamily is too small to divide the equity among 'investors'you could try to find a single local partner - but i would do a bunch of deals yourself first before i would even think about partneringin any event - i'd start with a house hackgood luck

It's really awesome to see, while I love the podcasts, it's great to have such great deep-dive information on specific topics all in one place.So this week, I'm wondering, what topic are you most eager to learn about before 2024 ends?