We have two operations managers who manage my two divisions: manufactured housing, and residential/multi-family.

Understanding cap rates, net profit and economy (supply/demand housing, interest rates lowering increases demand, the real estate cycle, investing for cash flow vs appreciation) will all set him up for success.

Make sure to keep records of your efforts to market the property for rental to demonstrate this to the IRS.

Hey guys, I needed some advice on new construction here in NJ.Me & my wife want to purchase a second home as our primary home but prices on houses are super over priced and just not worth it especially with inventory being so low & the market just all twisted.My thought was to maybe pick the town I want to live in and potentially see if I can get vacant land to build on obviously.I wonder if maybe it will cheaper to do this strategy instead of getting a loan for 600-700K home that still needs work and I’m not happy about it..thoughts?

Focus on markets they’re in to make dispo easier 

One of the biggest limitations I am seeing in the fix and flip market, at least in Colorado, is the requirement of a registered contractor to be on the permit for a rehab project.

It’s great that you’re combining that with real estate.I'm not in SE Idaho, but I connecting with local investors and attending meetups is the best way to learn more about the market.

This means your children would inherit the properties at their fair market value at the time of your passing, minimizing or eliminating capital gains taxes if they decide to sell.

We were brainstorming house-hack ideas.

It’s a fantastic way to connect with like-minded individuals in your market who have been in your shoes.