Happy to trade deal analysis templates and investor proposal frameworks@Patrick Lismon I don't need to necessarily trade any templates but I do work in those markets.

I could go on forever about all the mismanagement mistakes I've made on both, but the overall concept that set me free with managing both simultaneously everyday was setting my internal systems & renters/vendors work within my framework or they can go somewhere else. 

That’s where a simple Legacy Builder Framework comes in:Lay out setup costs clearlyName the monthly expenses honestlyProject conservative, base, and aggressive scenariosBuild reserves and exit strategies into the planThis way, the numbers don’t threaten the mission — they protect it.Freedom Ranch reminded me of something bigger:Real estate doesn’t have to be just spreadsheets and ROI.

@Russ Chambers, ultimately, it's best to talk to an accountant to see what your tax liability is, but here is the framework you use to get close.

The tradeoff is that you also carry your share of liabilities and you need a solid governance framework to avoid gridlock.Everything lives or dies in the TIC agreement.

It appears that there are some ways using opportunity zones to take recognized gains and create a tax deferred framework. 

From my experience, most new investors do best by keeping some reserves on hand while also chipping away at debt so they’re not overleveraged going into their first property.Your target of ~$30K in reserves sounds realistic, especially paired with a VA loan, since you won’t need as much upfront for the down payment.I’ve worked with a few new investors in a similar spot, and what helped them most was creating a clear framework for financing and deal analysis so they went into their first purchase with confidence.

Having someone who’s been through it before really helps cut through the noise and avoid mistakes that cost time and money.I’ve guided a few newer investors through that exact process, and it’s amazing how much clarity it gives when you have a framework to evaluate deals and decide your next steps.

The biggest thing I’ve seen help new investors in your situation is having a clear system for evaluating deals and running the numbers so you know the property will generate positive cash flow even if you’re hands-off.I’ve worked with a few newer investors in similar spots, and having that framework really accelerates the first purchase and avoids common rookie mistakes.

I do real estate on the side and I don’t think I would have been able to do that without the frame-work and I have in place thanks to Palak and Niti and Open Spaces.They were so generous with their contacts and resources - I connected with many people from their network and am working with them!