Since then I've bought 4 more buy & holds, flipped 2 homes, sold 4 of the 5 buy & holds, and have passive investments into various commercial properties including a hotel in Dallas, a new construction of a student housing apartment in Central Texas, a land deal in Austin, TX, and a commercial real estate fund specializing in Class A residential assets in NYC.I'm looking to continue my real estate education, expand my network base, share my knowledge and experiences with others, and ultimately get into syndicating of my own deals.Happy to help anyway I can and look forward to getting to know the BP network!

Thank you so much for your time and knowledge!

I think hes just into the ol way of thinkingI'm trying to understand this "tax shelter" thing, in my knowledge it would be using depreciation to offset gains, right?

For estimating expenses, get expert advise from a mentor.

You can have all the knowledge in the world.

Knowledge, you want a custodian that knows what they are doing and can help explain the rules and prohibited transactions to you.

Seek expert advice for this

With that said, I was wondering if anyone has any first-hand knowledge to fill in any gaps that you can't really learn when simply educating yourself?

I am no expert in valuations or appraisals so any help here would be great.

As far as the house goes you should talk to a local expert.