Readers are advised to seek professional advice.

Readers should seek professional advice.Great information providing clarity.The one thing I’ll add is that having an LLC own the property enables the investor to choose the LLC to be taxed as either a corporation or S corp.  

@Jennifer Thoennes Thanks, I wasn’t entirely sure whether to deny or accept it, so I thought I’d seek some insights from those who are more experienced and wiser than me.

The ratio flips -> 100 pages in, 1 page out.For example, I don't let AI draft contracts, but when I am on the road, I have a CustomGPT that summarizes and compares offers by scanning for every checkmark, crossout and every word of language that has been added, which is a pain when you have 30 pages pdf to look over on your phone (and you have 8 offers).

Readers are advised to seek professional advice.

Readers are advised to seek professional advice.

It has been a painful lesson learned and I don' t wish it upon any other bright eyed new investors

Readers are advised to seek professional advice.

Good afternoon Bigger Pockets,I am seeking advice on the best strategy to scale my rental portfolio.In the last 2 years I have completed a 10-31 exchange of an out-of-state property and sold an out of state property that my late father deeded down to me a year and half ago.

Readers are advised to seek professional advice.