Considering offering 400k and as for 10k of closing costs from seller. 

Does anyone have a ballpark estimate of the cost to build a new side-by-side duplex in duplex which is 3–4 bedrooms, 2 baths per side with each side being approximately 1,500 square feet per side with a 1 car garage and a basement?

After all, he also was in real estate AND a successful baseball player. 

There has been talk ongoing about regulations and a moratorium on STRs there so I would call the city and see where they are.

On the east coast, the properties generally have to go through a judicial procedure which can take many months to a year and a half.

The right tax strategy can often be the difference between a good deal and a great one.Big topics to understand early on: REPS (Real Estate Professional Status), the STR Loophole (Short-Term Rental Loophole), Active Participation rules, and how an S-Corp can be used for Non-Passive Income.

I know an LLC is the first layer of defense and a trust can add another layer.

Hi Chris,I saw your post about the Houston/Pasadena deal. solid numbers and a clean BRRRR setup.

I leave salt and a shovel out for one of my tenants.

I am looking for a ticket and a hotel booking.