@Scott Weaner Asked me to post about Wave Accounting and how I set it up for real estate. 

Notice I am saying "should" and "may" since nothing is set in stone, but I wouldn't rely on the lower potential assessed value.FYI - this is based on my past professional experience as an ex-Deputy Assessor for LA County.

Check out my personal favorite, Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey. 3.

(looking around in the MS area to buy a property that needs some rehab and a motivated Seller)Key Aspects on location: Large universities / Hospital System / Crime / Retail situation in the nearby area.A little direction to how some of you have started analyzing deals and targeting your markets would be very helpful as my next goal is to start analyzing at least 3/4 properties a week.Would like to connect with many of you and let me know how I can help with any questions in regards to Commercial Real Estate. 

Not too far away there's a group of 16 or so bungalows specifically set for airbnb - https://www.airbnb.com/rooms/14069226?

I'm moving forward with flipping and not stopping anytime soon.Would like to set things up the right way, as soon as possible as well a CPA to make sure my taxes are on point.

I'm a goal setting junkie so reach out if you guys want to grab coffee and talk shop :)

You set yourself up very well to take advantage of both and with “no money down”.  

Biden's tax plan is set to eliminate the 1031 tax exchange.

 16 terms you need to know in commercial real estate:1.Internal Rate of Return (IRR): A metric used to estimate the annualized return on an investment based on the timing and magnitude of cash flows.2.Cash-on-Cash Return: The annual income generated by a property expressed as a percentage of the initial cash investment.3.Discount Rate: The rate used to discount future cash flows to their present value in financial models; often represents the required rate of return.4.Capital Expenditures (CapEx): The funds set aside for property improvements, renovations, or major repairs.5.Gross Operating Income (GOI): The total income generated by a property before subtracting operating expenses.6.Operating Expenses: The costs associated with managing and maintaining a property, including utilities, taxes, insurance, and maintenance.7.Debt Service Coverage Ratio (DSCR): A measure of a property’s ability to cover its debt payments, typically calculated as NOI divided by debt service.8.Loan-to-Value (LTV) Ratio: The ratio of the loan amount to the property’s appraised value, used to assess risk in financing.9.Equity Multiple: A measure of the total return on an investment, calculated as the ratio of total cash flows to initial equity investment.10.Residual Land Value: The estimated value of land after deducting development costs and desired profit margins.11.Sensitivity Analysis: A technique used to assess how changes in key variables (e.g., rent, expenses, interest rates) affect financial model outcomes.12.Operating Pro Forma: A projection of a property’s income and expenses over a specified period, typically used for budgeting and financial analysis.13.Cash Flow Waterfall: A structured distribution of cash flows to different stakeholders in a real estate project, often involving equity investors, lenders, and developers.14.Leverage: The use of borrowed funds (e.g., a mortgage) to finance a real estate investment, potentially amplifying returns but also increasing risk.15.Equity Investment: The amount of money invested by equity partners or investors in a real estate project. 16.