You still want to qualify just the same as Section 8 is just a source of additional income it does not classify a type of person or a type of property , I do multiple Section 8 deals a year.

Check for any encumbrances or liens on the property: Before finalizing the purchase, make sure to conduct a thorough title search to ensure that there are no encumbrances or liens on the property that could affect your ownership rights.While you can start with a California Real Estate Purchase Agreement template, it's important to remember that each transaction is unique, and you may need to include additional provisions or negotiate specific terms with the seller.

Additionally, investors can hire a property manager to handle day-to-day operations, freeing up their time and allowing for truly passive income.2.Real Estate Investment Trusts (REITs)REITs are a passive investment option that allows investors to purchase shares in a company that owns and manages a portfolio of income-producing real estate properties.

Additionally, you may want to consult with a real estate attorney or financial advisor to ensure the deal is structured in a way that is advantageous for you.

Now that this property is renovated and rented, will you continue to purchase additional properties? 

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.

My mom lost money when one of my dad’s owner finance deals stopped paying after his death — official notice went to lawyers office that moved offices several years before, so she never received notice for us to show up and protect her interest.

Hello BiggerPockets members,I recently received an email from my attorney regarding a real estate deal.

Long story long, call me a ‘one percenter’ because I made it through interview #1 and was accepted into the program by the director—pretty cool, or so I thought.Immediately upon receiving an ‘offer’ to join, I was emailed a “Real Estate Profit Sharing Agreement’ to review and sign on the spot.

@Costin I.Here's an article with additional FAQs on cost segregation studies that you may find helpful:https://www.biggerpockets.com/forums/51/topics/1113749-cost-segregation-faqAs Michael mentioned, you need to use your cost basis in the property for a cost segregation study.