Most importantly in a good education on the tax strategies involved around where to save your money (IRA, Roth, Taxable account). 

There were more steps involved. 

I really appreciate the feedback, and I have been actively looking for opportunities to be involved with tradesmen hoping to be able to DIY most of my BRRRR projects and secure a high-paying position as an electrician or HVAC technician.As for college, I currently plan to skip college to keep my DTI low and focus more on scaling my LTR portfolio as soon as I am able to get approved for a mortgage.

There is no income, tax returns, w2s, etc. involved.

A few additional things to consider given the minors as beneficiaries angle.First, any transaction involving property owned by minors typically requires court approval or a properly structured trust.

Bathroom removal and a cooler install likely involved plumbing and electrical work, so your main concerns are permits, code compliance and liability since unapproved alterations ultimately fall back on you as the owner.

Besides get involved in local meetup groups where you can share experiences with people who are doing the same as you and that networking could be as beneficial as the deal.Good luck!

This involves extensive dirt grading work and retaining walls (with railings sometimes) which together are very expensive.

No Contractor will give you their bad jobs customers to talk to....you will only get 3 of their best customers...everyone has a few even if they are horrible. 2) Make sure you get Lien Releases from every Subcontractor involved in the project, not just from the GC himself.

I would be very cautious about handling a cost segregation study yourself on $1.2M commercial properties, especially with substantial rehabs involved.