After summer if you rent it 5-8 days a month until next season you will be lucky.There will be tone of competition after the summer, so I would not rely on it, look at it as bonus if it happens, but make your calculation as if no action happening.

I recently learned that a contractor I play ball with has helped all three of his daughters buy houses at 18-19 years old, helping them to secure a good deal on a house needing work, at a price they could afford.

@Bruce Woodruff facts I did because what you and the gentlemen who posted this thread is disturbing someone’s appearance , race , religion shouldn’t play any factor who cares if they have tattoos ???

For the deposit your location may play a role but where I live there is no limit to the deposit you can take outside of the market. 

Definitely the local city laws and ordinance play a key role when scoping out a project

I receive the passive income I have been hoping for and the appreciation on the back end is similar to that of my active rentals.  .I didn't do a 1031 because I didn't want more active investments - instead I did a "Lazy 1031" where I used the cost segregation and bonus depreciation to defer and offset all of the taxes the active properties I sold. 

Of course, the hardest part may vary depending upon the deal, but I think immediately before and after the closing are when many moving parts are in play. 

However, you can actually save millions of dollars in taxes by starting during the blueprint phase.Here are some examples of ways to save on taxes:For conference rooms in a hotel, Instead of installing regular walls, if you install moveable walls, the walls could be depreciated using the rules of bonus depreciation.For a multi-family apartment complex, changing the model of the bathroom exhaust fan to a variable speed could help qualify for the energy credit which is $2,000/unit.For a large apartment complex, installing a ceiling fan could allow you to qualify for 45L tax credits.For a hotel, if the porte-cochere is detached from the hotel building, it could be fully deductible in year one as it could be considered a land improvement.

#1 You Have More Than $50K of “Play” MoneyWhile there are some real estate investment platforms that will accept smaller investment amounts, most private real estate syndications begin at a minimum investment of $50,000.Ensure you have the minimum investment of $50,000, plus your standard emergency fund, plus any other savings for your life’s aspirations.

Would you target value add plays?