- What do you recommend as my game plan to land my first rental property within 12 months? 

I'm obviously bias because I'm in the Chicago area, but I have partners constantly buying properties for ~$150k + ~$60k in Rehab and then ARV of $300k doing Cash Out Refi's based on Long Term Rentals or AirBNB, Flipping the properties, or Wholesaling the deals. 

You can track mileage.It creates a great P&L and makes it easy to transfer expenses and income to Turbotax.Available as an app, too and new functions added periodically.

.- rentals do not go under an S-corp, which is why a separate PM company was suggested- S-corp technique on reducing SE tax is both tricky and costly, and you cannot set up your salary arbitrarily- you can only base your 401k on the part that IS subject to SE tax- you usually cannot generate enough "earned income" from this 2-companies setup to make it worthwhile for 401kSee, it is not simple.

@Jamie Bateman used a podio based system.

Based upon the dates in the pattern, this “lien” probably fell in the “gap” between commitment date and closing date. 

Most of my clientele are based in the west coast in California and Seattle.

Technological advancements are reshaping the real estate industry for investors in various ways:Data Analytics: Advanced tools offer insights into market trends and investment opportunities, aiding informed decision-making and risk assessment.Virtual Reality (VR) and Augmented Reality (AR): Remote property exploration with virtual tours saves time and resources, attracting potential buyers or tenants and expediting transactions.Blockchain: Secure transactions via smart contracts reduce intermediaries, costs, and fraud risks in property dealings.Online Platforms and Marketplaces: Digital platforms broaden access to properties, investment options, and real-time market data, enhancing efficiency and transparency.Artificial Intelligence (AI): AI algorithms predict market trends, identify investment opportunities, and personalize recommendations based on investor preferences.Internet of Things (IoT): IoT devices provide real-time data on property performance, enabling cost reduction, efficiency improvements, and better tenant satisfaction.Crowdfunding Platforms: Real estate crowdfunding democratizes investment access, allowing smaller investors to participate in projects previously out of reach.In summary, embracing these innovations enhances efficiency, transparency, and accessibility in real estate investment, enabling investors to capitalize on emerging opportunities and stay competitive in the market.Thanks!

Deposits it may put you at risk but you have to judge based on your screening.

The former is valued based on the income approach and the latter based on comps.