My priorities have shifted the last few years, and I have decided to get into the real estate market as I see as the greatest way to achieve ones goals in so many different ways. 

A lot of out-of-state investors from the east and west coast are investing here due to the crazy growth over the last 3-5 years.

Investing for me is about a return and not a total loss of my principle.       

After diving into LTR in SFHs for the last few years, we are interested in purchasing a home (preferably lakefront or lakeview) with dock access on Table Rock Lake. 

Then started renting it out last year 2023 November for $4700/month (renter pays all utilities) due to life situation change (moving in with my bf).

I feel this is my last shot as i am writing it out it makes no sense unless I add one jdu and one adu.

The last few months I've been using an in-house guy that I hired to pull lists and skip trace for me and its been a gamechanger.

I have spent the last 25 years as a Mechanical Engineer and have recovered financially. 

@Nate P.Your profile hints that you are living abroad.If you are a US citizen - you want to make sure that the CPA you work with understands the foreign earned income exclusion(FEIE).If you purchase a property and are expecting valuable feedback on how that property will impact your tax return, you will need to provide a rough profit and loss projection(rental income and expenses) along with purchase price to have a conversation with your accountant so that they can provide you good feedback. 

For the last couple years I have had losses on my tax returns from passive rental real estate activity.