I am just trying to strategically plan my first move.

If I knew the benefits of qualifying as an 'active' real estate professional while my spouse continues her W2 income, I would have benefited immensely - both strategically to build wealth, as well as annually when we file our tax returns.

Everything else is much easier (and irrelevant without deal flow).Most serious part-time investors have plenty of capital, know how to buy right, and have management solutions....but we lack 100s of profitable opportunities flowing through the funnel (compared to those with active marketing and robust deal flow pipelines).

-I try to keep my expenses consistent, while simultaneously increasing my income (extra work, smarter investments, strategic leveraging via RE)-I try to systematize all my expenses and use my credit card whenever possible to accumulate as many of the perks as possible, while paying off the credit cards quickly to avoid fees-I try to leverage my work whereby its enjoyable and productive, example yankee games to celebrate closings or networking events with top notch food or scenery

Already cash flowing asset with the potential to increase that possibility with a strategic value add approach to the entire building.How did you find this deal and how did you negotiate it?

I would love to hear the thoughts in this group and what you would do in my situation and how you would strategize.

I’d like to rent the house out to some of my friends and cultivate a high-end conscious community.I have a masters of architecture so I’d facilitate the integration of landscape and architecture in strategic phasing with a firm.

Finally, building key, strategic partnerships can be an uphill battle at first, so confirm that you can leverage their relationships and track record, so that you can actually be in position to do deals.