Perhaps this guide, "The Ultimate Guide to Finding Incredible Mentors" can help you start your search for a mentor that will help you in your real estate journey!

Or, as is usually the case, if it's a contract between the licensed contractor and a public entity i.e. a city, county, state, or Fed, school or a municipality project/s, etc. then it is also required to show proof of LIABILITY INSURANCE by producing a CERTA lot of folks overlook or don't even think about WORKERS COMP & LIABILITY INSURANCE  but it is one of the most important elements of a contract.

If you can finance high prices real estate that produce good cash flow, go with it, it means that you will be able to refinance other investments if this first one is profitable...

It was obvious from those that did speak that the law is incredibly vague and unrealistic.

My exposure is limited to the greater Stamford area, but parts of Stamford and Norwalk can sometimes produce 1% (my properties current do, but they are apt and multifamily)its much more rare for a SFH though.

This is a problem you do not want to have.As soon as possible after taking over the management of the property, the property management company shall be responsible for producing an operating budget for the next 12 months, and do this every year at least 60 days prior to the beginning of each calendar year.

Trusts can be incredibly complex and have very specific requirements, and you should not set them up without an attorney with trust experience, so it is hard to see what benefit you would get from this program.

Of course none of this was legal or documented in anyway, but I still produced a cash flow of about 400 dollars a month and even managed to sell "the rights of the name Sebass' Brownies" to a younger student for a tiny amount of cash when I graduated.

They can all work at different times, imo.Good luck finding your own method.Rich Awesome insight Rich,This is the same track I've been researching, thanks for the post to reiterate that there are others other there  on this same path:- the balance between cash flow, tax shield from depreciation, and projections to figure out how to net "0," on paper or as close to it as possible- building up the passive activity loss bucket in anticipation of properties or other income producing activities that have income that exceed expenses and depreciation so I can keep the net "0," balance for tax shield purposes- use of entities, revocable and non revocable trusts, and Life insurance to exit life with no estate tax, fund trusts with perpetual income and asset growth by auto/default design to perpetuate indefinitely into future generations

This is a small home in an older neighborhood in the incredibly hot Denver metro area market.