To find reliable contractors, ask for recommendations from other investors, real estate agents, or your local hardware store, and check platforms like Angi or Thumbtack for reviews.It’s best to bring a contractor out after the inspection so you have all the details to discuss.

Quote from @Arvand Sabetian: Depends on your unit and size.

IRS definition of a dependent.To claim a child as a dependent, the child must be under 19 or under 24 if a student.

@Anita Z.I recommend finding an accountant who specializes in real estate taxation, tax planning and financial planning.

This is going to vary widely depending on the strategy and real estate asset class.

I've read many of the BiggerPockets books like - House Hacking- Flipping- Estimating Rehabs- Multifamily Millionaire Book I and II- How to Invest in Real Estate with Low or No Money Down- Investing from a Distanceand even some outside of themand have been wanting to do something in Real Estate for awhile.

There are many paths, but it all depends on your goals.

@Jaedon Stout Getting into real estate is not for the faint of heart.

However, ensure you understand the local tax structure and any potential future changes.Economic Dependence: While Albuquerque has a diversified economy, it's worth noting that government and military jobs play a significant role.

You get to take depreciation on an appreciating asset, you can even get tax credits for various projects and actions which depending the level your at equals a pay-day.