I actively follow real estate news, monitor market conditions, track economic trends, and listen to the BiggerPockets podcast, of course!

Which also turned out to be my most difficult year after experiencing major health complications and surgery in October.

At the same time, rushing into something unprepared or forcing the issue in a market just for the sake of owning real estate can have long term negative impacts om your credit, financial health etc.

Economically, I can cover a decent portion of my expenses with my rental income but not all of it. 

You would need to do that before moving anyone in or you would be liable for any health issues they can even weakly link to the tear gas contamination.

He will cover our $15K/year family health insurance if I step away from my job.We have three young kids, and being home with them — while also focusing on our real estate — would give our family more flexibility.For 2024, we have about $30K in passive losses that will roll into 2025.Our plan is to continue acquiring properties and utilize cost segregation to accelerate depreciation.Most properties in our area range from $400K–$600K, so each acquisition will likely generate a meaningful paper loss with bonus depreciation.does this sound like a sound strategy?

Augustine choose Palatka for its lower cost of living.On top of that, Bass Pro Shops is preparing to break ground on a 5,000-acre resort in Putnam County, which is a strong indicator of future economic growth.I’ve wholesaled several homes in Palatka myself and have seen values steadily appreciating.

It has not been well kept up, as the owner is getting old and has some health issues. 

@Andrew Foster some decent advice here, but also some feedback from those who really don't have enough info to support their perspective.Many DIY investors price repairs on materials only and forget about labor as they do their own work.We're a PMC in Metro Detroit, but here's how our process would work:1) MoveOut Video & Pics used to create Scope Of Work (SOW)2) SOW broken down into Priority Categories:- Health & Safety- Government Required (municipality/S8 inspection requirements)- Property Preservation- Marketing Impact / Tenant Retention- Miscellaneous3) Bids obtained if we feel work will exceed Owner Approval Threshold4) Bid sent & discussed with owner to, "redline to their budget"5) Work begins once owner approves & funds6) Completion video/pics providedOf course, while this is going on our Marketing Dept would be doing a rental analysis & ad, and discussing with owner.

It is a good measure of the health of a deal and it is an underwriting criteria for a loan.