However, upon transferring it back to your dad, the basis is not relevant anymore.In the end I would highly recommend you reach out to a tax professional here to get this sorted out.

The area I am in/looking is only growing from what recent news is saying.

I'd also consider what the local attractions are, and if that area is growing.

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

If that's not of interest to you then I recommend continuing to build up your capital, improve your credit, and potentially partner with someone.

Me and my partner started a local meetup and are looking to grow the network!

Every market you go to will have growing pains associated with learning the market nuances, finding the right team, and finding the best deals.

I work in and around the Osceola County, Florida area and I'd be more than happy to help out any person willing to learn about how they can grow a passive stream of income.

Can't wait to see you grow.

No need for any overpriced education, just read books on real estate investing during your down time (I would recommend the "ABCs or Real Estate Investing" by Ken Mcelroy if you are brand new) and listen to the BP podcast when you're commuting, cleaning, cooking, etc.