@Arthur Luay At age 40, if your goal is to save for a down payment on your first long-term rental, the best option depends on your timeline and risk tolerance—but here's how each choice stacks up: A savings account offers safety and liquidity but earns minimal interest.

A law passed in California says hiring independent contractors must pass the ABC test, or else you need to hire licensed contractors. 

A great flip on the wrong block becomes a liability.Have your brother drive streets at different times of day and rate blocks A–F for:• pride of ownership• renovation activity• rental comps• safety/foot trafficDon’t analyze houses until you know exactly which micro-pockets you’ll target.2.

Follow all laws.

If not, tell him you need X days' notice (whatever the lease says or the local laws) and you will do your best to find a new tenant.

Under Oregon law, landlords may not raise rent more than once every 12 months, and the maximum allowable increase is determined by the lesser of 7% plus the annual change in the Consumer Price Index (CPI) or a percentage set by state law.""

And Oklahoma did pass laws a few years ago regarding wholesaling.

@Eric Stoner for the CPA, I'd recommend just getting a really good REI-savvy CPA who is familiar with NY state laws but may not be physically located in NY rather than restricting yourself to finding a local CPA.

I do not know CA law well, so you'll want to talk to a CA CPA, but I know in FL you run into transfer tax issues.

I believe there were some laws that were changed during Covid regarding the type of workers that need to work at these facilities which increased operating cost significantly.