If so I'll make sure to start pressing him for leads.I do not have a title company, construction, or property management partners yet.I feel like a mentor would make sense, but I'm not sure if a paid mentorship is the best bet or simply trying to network with RE professionals in the area.

This can result in higher depreciation deductions in the earlier years of ownership, providing tax savings.Tax Situation: Consider your tax bracket and the impact of increased depreciation deductions on your tax liability.

In other words, the information I'm providing is entirely free.

The most reliable ones are going to be referrals from your personal/ professional network.

- Find a private lender to fund the downpayment- Find a partner to provide the capital, while you provide the knowledge and experienceHope some of these helped.Happy investing! 

Next time I will sub out more of the work... though I still love to paint and so some of the minor work:)Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

But, the general idea is, that one investor is the capital provider and the other is the expertise provider.

Also just to add, we did provide an entire packet for the appraiser of the updates, added value, AirDna data with occupancy rates and market data of neighboring comps.

Each time you reach out, keep the tone friendly and professional.

@J Shoe I will start by saying consult with a personal attorney and CPA (and have them work together.)Typically people buy in an LLC just to keep their name off the record and for asset protection and operation agreements.As a sole investor a lot of people will buy in their personal name so they can more easily obtain quality financing, and then move the asset into the LLC.A lot of people of California use trusts (DSTs) to hold the asset, so they are not contributing to the problem of over taxation in CA, as CA has a franchise filing fee of $800 every year for each LLC.Just some things to think about, but find the professionals that can tailor a system for you personally.Cheers