A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

A temperature sensor is placed on the incoming and outgoing hot/cold water lines to determine the BTUs consumed.

The mentor will have an opportunity to know you, see your determination and will, and then decide to pour their time and energy into helping you develop.

Then, you can review the provided specifications to determine if they meet your preferences or are appealing to you.

Whether it be a real estate deal or a note deal, we always determine multiple exit strategies and what the downside risk is before making an offer. 

I personally like to look at every investment opportunity for the viability of the investment and then determine if better for Self-Directed IRA/401k, or if better for non-IRA funds.

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

So far with the properties that have looked promising we have utilized the calculated NOI / Cap rate to determine the value and every one we have done has come up way lower than the asking price and in one instance came up less that what the current owner paid for the place initially.

It's essential to determine your long-term goals and decide whether cash flow or long-term appreciation is more important.Good luck!

You need to determine if you want to prioritize cash flow vs appreciation.