The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

Make sure you fully understand the market you’re investing in, including rental demand, property values, and local landlord-tenant laws.Building a good team early on is also key.

Are there any specific clauses I should include in a room-by-room lease for a shared living space?

This includes all the tools and knowledge to help potential client’s make informed decisions on their new builds.Beyond guiding us through our investment journey, they also have always offered additional market and property analysis to give us a deeper understanding of the real estate landscape, helping you succeed with confidence.

Include in your model rates going up by 2%, and just make sure you enough cash to cover. 

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

I have flipped 30 houses, including having 10 projects going simultaneously, one of which sold for $1.8 million.

This was a cost-effective way to meet our requirement of providing just a stove and refrigerator (we don’t include washers or dryers), without breaking the bank further.But here’s the twist: If we were upgrading appliances for a long-term tenant with a stellar payment history, we might invest in brand-new appliances.

He said that typically in flip deals its around 30-40% down but if construction was included it would be about 30%. 

Your clients should focus on properties with significant equity potential and work with experienced contractors to stay within budget and timeline—especially with borrowed funds on the line.Avoiding Bad Deals - Encourage them to work with experienced agents, contractors, or mentors and always run multiple scenarios, including worst-case outcomes, to stress-test their numbers.Reserves - Advise your clients to keep a reserve fund separate from their loan for emergencies, unexpected expenses, or delays.