But if you are doing seller financing on assets you acquired in the last few years and did a cost segregation study, it is something to be cognizant of.There is also "1250 recapture" which is taxed as Ordinary income as well, and is not subject to installment reporting - this is when you took accelerated depreciation (bonus) on any real property assets. 

#4 many will say contractor, but your PMC and/or agent should be able to handle that#5 lender#6 real estate attorney

Congrats on beginning your real estate investing journey.

Real people and developers, and not chats/bots.

We use Streamline which is a legacy provider but it is cumbersome and designed for larger scale PM operations (trust accounting, owner portals, etc etc).Just a few integrations we use: Lynx (locks), BookingPal (channel manager), EZCare (HK/Maint Ops), RevMax (Pricing) - There are more, thats off the top of my head. 

pid=2096Houston Real Estate Highlights in June, 2024:-Single-family home sales declined 11.6 percent year-over-year;-Days on Market (DOM) for single-family homes went from 45 to 46 days;-Total property sales were down 13.6 percent with 9,133 units sold;-Total dollar volume declined 12.2 percent to $3.8 billion;-The single-family median price was statistically flat at $345,500;-The single-family average price was statistically flat at $432,090; -Single-family home months of inventory registered a 4.3-months supply, up from 3.0 months last June;-Townhome/condominium sales continued to decline, falling 19.9 percent, with the median price up 12.1 percent to $241,000 and the average price up 7.8 percent to $271,356.

Hi Chebeli,  I'm a Pasadena area GC and been investing in real estate since 2008. 

Initially we had intended on starting our real estate journey through multi-family house hacking, but this opportunity popped up first and it was hard to ignore.

Get an real estate attorney to draw up the contract , and refer you to a title company 

Sorry to hear about your troubles but not uncommon.You will find recommendations in the group.As you can imagine, we keep our trusted contractors close to our chest as we give them volume and need them working for us.All the best 🙏