Quote from @Tyler Rhoades: Im looking to build a buy and hold portfolio with a mix of small multi-family and single family homes which I can add an ADU.

What is the 'seasoning period'?"

Over the years, I’ve noticed something interesting working with investors:The biggest tax mistakes usually don’t come from shady strategies or bad CPAs…They come from poor recordkeeping and timing.Here’s what I mean A lot of investors don’t track which expenses are repairs (deduct now) and which are improvements (depreciate later).They toss all the receipts into a box or an app and hope it sorts itself out in March.Then when tax season hits, they realize half of those costs could’ve been handled differently — maybe deducted sooner or even structured better if they’d planned a few months ahead.The IRS doesn’t just care what you spent… it cares how you report it.

Let me know if I can help you with looking for what fits youTotally agree, buy & hold makes more sense in those stronger areas.We’re planning to mix both strategies: hold a few rentals and do some flips to boost cash flow.If you don’t mind sharing, I’d love to hear which neighborhoods you think are better for flips vs. rentals. 

Land has all the utilities and is in residential and zoned mixed commercial/ multi familyit will be difficult for anyone to give you an answer since you will need to look intothe zoning rules and regulations, you could build a 100 story apartment building, a mobile home park or absolutley nothing - it will depend on the zoninig.from there you need to then do a market study to see if what you want to build will actually be profitable.

Are you planning to stay focused on flips long term or eventually add rentals into the mix?

I’ve actually worked with investors looking at both markets and they each have their strengths depending on your goals.Destin and Panama City Beach are really solid if you're aiming for higher ADRs during peak seasons.

Most of my investing goes toward my co-investing club these days, with that being said, we've done a mix over the years.

With rates and prices where they are, I’ve been hearing a mix of strategies lately — some are still flipping, while others are holding for long-term appreciation.What’s your approach right now?

Some investors will appreciate going into a JV with a seasoned contractor; however, if you don't have a whole rehab experience, I would start with small projects with less risk and time holding the property.