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I'm a real estate agent with Investing N Florida (Tampa Bay, FL) with a continuous inventory of off-site properties in Central Florida.

Understanding one another's difficulties can lead to better solutions.Make sure that any modifications to the rent payment schedule are noted in writing, perhaps as an addition to the lease agreement.

-Site work: typically $10K is a good number to start with, which includes preparing the building pad, connecting utilities, plus a small amount of landscape and concrete work.Other costs (not typically required): Additional structural engineering, Civil engineering, Soils engineeringAlso, the cost would be around $75K for a standard garage conversion project of about 400 sqft....$8-10K for plans/design/engineering, $3-5K permits/fees, rest construction costs.

@Jalen De Leon - 1- costly tax planning or entity structuring... you might not benefit from this much yet2- Whoever you choose will request items listed on Sch E and maybe some additional things like closing statements and property tax bills.3- Simple!

If you plan to rent to digital nomads and other traveling workers the strategy could work well just make sure you’re monitoring competing demand to find ways to stand out on Furnished Finder, Airbnb, and other sites 

- Should I even be looking right now, or wait an additional year to build up savings even more, forcing me to rent another apartment in the meantime and not own anything?

Fortunately, I'm lucky enough to have family members who are willing to lend me the additional funds to kickstart my investment journey.

However, it might also incur additional accounting and tax complexities.Non-Real Assets:Holding Company: If the non-real assets are essential to the operation of the property, holding them in the same company as the property (either operating or holding) makes sense for financial reporting purposes.Separate Entity: If these non-real assets are more independent or potentially have different risk profiles, consider holding them in a separate entity owned by the holding company.

Active forums are available on sites like BiggerPockets, where you may meet seasoned investors and possibly even locate private loans.Look into local hard money lenders.