I am excited to connect with people who have similar goals and also to start building up a team of professionals for various investing and landlord needs.

You will then need to decide how to manage the property (self vs professional PM) but that should be included in your analysis.I am house hacking now but plan on moving out when my time is up so I can begin cash flowing.Best of luck!

For example, if there's a plumbing leak and they say they can handle it, politely decline and send your professional plumber over instead (or do it yourself).Always keep the relationship business-like.

Its a great place to continue to build your knowledge base as well as build the team of professionals you'll need to reach your REI goals.I'd advise you to set up keyword alerts (click the little bell at the top right corner next to your profile picture) so that you're aware anytime a forum post mentions a topic/area of interest.Also... attend local events and meet your dream team in person!

If you plan to rent it out, will you manage yourself or pay for professional management?

In general, I reckon flipping should be left to professional flippers.

It's been a long road I spent 6 month in th hospital, and I saw many people with injuries similar to mine simply giving up on their dreams or life in general so part of my motivation is showing people in a situation like this that it is not the end of life it can be seen as a new beginning. 

I just started reaching out to leads this month and other investors/real estate professionals and it's been a great experience so far.I think it's important to establish a system that you can track, budget, and improve.

In my view, the value is in the professional or the firm being there if the IRS performs a compliance check.

I would like to share the information here, and hopefully someone can learn something new or points to a right direction to answer your specific needs.Below is what I learned today: (**Disclaimer** Please use this as a guide only since I am not a professional CPA or expert in NYC tax codes.