I still work on Indy just because I have a realtor and a contractor who has been good team to helping me on single family purchases.

I deal with more protection for my business since I'm a contractor but this seems a bit overkill.Carrier: ScottsdaleSix-Month Premium: $1179.5625% minimum earned premiumCoverages & Limits:Commercial Property: $125,000 Building Limit – Special Form excluding theft; $2,500 deductible; Replacement Cost Coverage; 80% CoinsuranceCommercial General Liability:$1,000,000 each occurrence; $2,000,000 aggregate limitProducts-Completed Operations Excluded; Designated Premises/Project Limitation included.Conditions: All subs must carry equal or greater limits of liability naming insured as Additional Insured, hold harmless contract in favor of insured, with Certificates of Insurance.Thank you in advance for your consideration.

I am working to build my network and team.

This gain, maybe taxed at favorable capital gains tax rates.Furthermore - you will be required to report the commission on your schedule C which may be subject to ordinary income tax rates + self employment tax.

This is likely also a great learning experience to help you understand how to run your business and that being nice does not do you any favors.

Not saying that will happen again, but sounds the same.Not being able to compete with a cash buyer for a 1.3 million dollar termited and rotted POS is doing you a favor IMO.

Once you build a small schedule of real estate, lenders will most likely look much more favorably on your finances (especially if you can get some cash flow positives going on here).

But as with anything, with proper management and teams in place, you can really buy anywhere for the right price. 

I plan to start with AirBnB but still assembling my team.

Once it's done, it's done.This is probably obvious to people in the tax world but it seems to me that taking a deduction in the tax year is a lot more favorable than depreciating it, from not having to pay a recapture tax standpoint.