I work closely with professionals who help structure deals that actually align with investors’ strategies.Not selling anything — just here to network, learn, and share resources that may be helpful.

This profit-split flip model definitely has potential—but like many mentioned, structure and alignment are everything.

That means you can use the losses to offset your W-2 and 1099 income, even without qualifying as a real estate professional.Bonus Depreciation (Cost Seg + Furniture)If you do a cost segregation study, you can break the property into shorter-life components and depreciate those (plus the furniture/appliances) in year one. 

Moreover, it provides a clear framework for determining whether a deal truly aligns with your financial goals and risk tolerance.And as others have mentioned, house hacking is one of the most risk-averse and effective ways to enter the real estate space, especially for your first deal. 

So your passive desires (ie. little time to manage them) don't necessarily align to real estate as a whole - and certainly not to an AirBnB type of operation.  

Now it’s about aligning the right financing and strategy to turn that expertise into long-term wealth.A few thoughts to get started:Long-Term Rentals: A great way to build stable cash flow and equity over time.

A well-crafted asset protection plan helps limit liability, preserve your wealth, and position you more securely in the face of legal challenges.To navigate both areas with confidence, it's essential to work with experienced professionals, including a tax advisor who understands real estate and an asset protection attorney aligned with your long-term objectives.

The right advisors can help you build a customized structure that aligns with your goals, saving you time, money, and stress as you grow your portfolio.Remember, smart investing isn't just about acquiring the right properties, it's also about protecting what you build.Wishing you success on your investment journey.Disclaimer: This message is for informational and educational purposes only and should not be considered legal, tax, financial, or investment advice.

Sounds like a great opportunity with solid equity upside—especially given your experience with 24 units.Between the two options, the Hard Money Loan sounds more aligned with your goals:You get the full renovation done upfrontAvoids the inefficiencies and rework from the Physician Loan routeLets you enjoy the home fully in 6 months vs. stretching it out over 2–3 yearsYes, hard money comes with higher costs, but in this case, the speed, simplicity, and ability to buy as-is without seller concessions may justify it—especially with that strong ARV.Just make sure:The HML terms allow for a smooth refi into a long-term loan after renoYou have a solid contractor and tight budget managementYour exit plan (DSCR refi or conventional?)

That means the lower the land value relative to the building and its components, the better.Example:•Property A: $500K total price•$100K land / $400K improvements → $400K depreciable•Property B: $500K total•$300K land / $200K improvements → Only $200K depreciableTip: Look for areas or property types where the improvement value is high relative to land — especially helpful in suburban or rural markets.Short-Term Rentals Open the Door to Bonus DepreciationIf your property qualifies as a short-term rental (STR) and you materially participate, you’re not bound by the traditional 27.5-year depreciation schedule.