I am also building an ADU at my residence to rent in the future but I want to start to build a portfolio of small multi-family properties.I have been reading (more than a dozen books) and attending workshops since September 2023 and am ready to invest!

For the painting, you can deduct it along with other furnishings and decorations that you've included in the STR to make it ready and available for tenants.

We need to buy out his brother and probably replace the trailer and then find tenants.Question if you've made it this far: When in this process do I need to set up an LLC?

Two significant bills aimed at regulating rent increases have made headlines, though they've faced different outcomes. 📜💼🔹 Senate Bill 366 & House Bill 721 aimed to cap annual rent increases between 7%-15%, enforce a 2-month notice before rent hikes, and introduce anti-rent gouging measures.

I know I'll have to pay capital gains tax when I sell but I was thinking the monthly rental income will have more than made up for that.Would I be better off just leaving the cash in the IRAs?

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

Some have made more money wholesaling it to me (with little risk), than I had ultimately made flipping it retail (with high risk). 

I never suggest doing what you say "everyone tells everyone" to do, to anyone.I made my first million on pre-foreclosures.

I also get a disposition fee typically of 1% - so I just made $2M while my investors made nothing?