And you don’t need to be some flipping expert to get your first rental — you can do subject to, partnerships, house hacking, whatever gets you in the game.

As long as the study is completed before you file your tax return for the year you want to claim the benefits, you can take full advantage of the accelerated depreciation.For example, if you placed a property in service in 2024, you can conduct the study anytime in 2025, as long as it's completed before your 2024 tax return filing deadline.April 15th for individuals (or October 15th with extension), or March 15th for partnerships and S-Corps (September 15th with extension).

I'm coming from the build and hold, short term rental, and commerical space mainly in partnership with someone.

I would recommend focusing on finding an attorney that specializes in partnership disputes and commercial litigation, though of course make sure that the attorney knows of the wrinkle and represents the SDIRA and not you individually. 

Creative structures like seller carry or JV partnerships are also picking up — they’re great tools when used on the right projects.Overall, access to capital is still there, but it’s definitely favoring experienced investors who bring solid numbers and a clear exit plan.

Be transparent about timelines, risks, and updates throughout the deal.Private money isn’t just about funding, it’s about creating partnerships.

It’s creating some tough situations where partnership terms feel more like takeovers than collaboration.

Plenty of investors use a mix of education, networking, and a strong agent partnership because each one brings something different to the table.For someone buying their first place with plans to convert it to a rental later, having guidance on property type and future rental eligibility can make a big difference.

It’s awesome that you’re diving into real estate so early and already thinking about networking and partnerships—that mindset will take you far.

Passive InvestmentREITsPerforming mortgage notesTriple Net properties with quality tenantsLimited Partnerships Interests2.