Be specific about what you want to achieve and whether a coach can help you get there.Can I afford it?

Proportional leverage (like 27% LTV) isn’t specifically required, but if you don’t reinvest the full amount or fail to replace debt, the difference will be taxed as boot.

This sort of thing is market specific.

@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

Would you share 3 specific things I should do during my "training period" (if it includes a book, which one)?

Also, make sure you thoroughly research rental demand and average rents in the specific area of Miami you’re considering.

A lot of the success stories and content we’ve seen in the past came from a very different rate environment, so I’m definitely factoring that into my approach.For now, I’m planning to focus on the Jackson County/MO area, specifically around Lee’s Summit where I have some local support from family.

CPAs often advise against pursuing this designation unless the time commitment and documentation are robust, as failing to qualify can result in IRS audits or penalties.The 500-hour rule pertains to material participation in specific real estate activities or businesses.

The platform's main focus is processing mortgage documents in their raw form to extract specific financing terms for all properties in the city.

@David Lewis if you wanna chat rental rates and market specifics in some of the micro markets mentioned above I'm happy to.