Im planning to terminate her lease.

After spending much time & energy becoming more financially literate and learning the basics of REI, we are interested in pursuing our 1st rental property deal in the DFW market!

Seeing possibilities that others perhaps don't see, creative planning of property use and creative ways to turn a property, all these can make or break a deal.Another aspect is patience. 

Contributions to plans like 401(k)s and IRAs can grow tax-deferred, or even tax-free in the case of Roth IRAs.

*This is the new aspect for me, so if you guys have any extra tips like "try calling the utilities rather than doing a search", or "always double check with the zoning & permitting boards if you plan on doing STR for air b&b licenses", or even seeing if there are any extraneous departments that can cause headaches later like city inspector or the fire marshal, or some other thing that would be good to know about.Thanks so much in advance everyone --Side note, it is so refreshing to come to a site where people *want* to learn about title.

This is why it’s so important to engage with a tax strategist for proactive tax planning.

@Munjal Adhvaryu Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

We planned to have it paid off in a year and a half.

Speaking of networking, I'm currently looking for an attorney & CPA to help with a proper corporate structure for my current situation and plans.

@Charlie Moore, the challenge I have with this question is: how are you planning on calculating CoC returns.