We have not yet reached our full cashflow or market value potential, and likely will not for another year (as most tenants are now in 1y leases expiring again in Dec), but we are in amazing shape with this value-add process.”For context, the ‘day one’ true net cashflow for this property was about $800/mo, and the full true net cashflow potential with market rents is just over $6,000/mo.

If you have a STR that self-manage, you may potentially be able to treat it as 'active' instead of 'passive' which would allow you to offset the losses against the other forms of income such as wages, interest and dividends.You may accelerate the paper-losses by doing a cost segregation study.

Hi Batool,I saw a post you started a while back about traveling costs.You want to keep travel of your travel costs as they will likely be considered deductible or potentially start-up costsSome travel costs includeFlight, Hotel, Car Rental, Meals, mileage rateBest of luck

The first thing you want to do when considering a parcel within the park is to call the APA and just have a conversation with the land use people, will save a lot of potential headaches.

The city is protecting the potential clean up expense and that is backed by state law. 

I'm keen on learning from your experiences and potentially forming a team where everyone can contribute their talents and continue learning.

But even these will only find 90% of the potential problems.

While the cost of entry might be a bit higher, I truly believe there's still plenty of potential for property appreciation.My focus is primarily on single-family homes with a long-term hold and rental strategy in mind.

Since Real Estate is all about leverage, you can do a far larger deal than a potential $200k investment or a $100k gain if you did a deal yourself. 

At that point they are an owner and could help direct and manage the asset (safeguarding the capital they contributed) while potentially getting a larger payoff for taking on the higher risk.