As a result, when the property is sold, depreciation recapture rules apply, potentially increasing your taxable gain.Additionally, the recent increase in the State and Local Tax (SALT) deduction cap is currently set to remain in effect through 2030, unless modified by future legislation. 

In this market I don't know that I'd want a Heloc to fund an investment property - lots of risks, and kin some cases could effect your current interest rate (if you have anything under 6% this will be a problem).Additionally, if you've never managed a property before, I'm not sure that I would start with something that I intend to be my home away from home.

Pair that with direct to seller strategies like driving for dollars, networking with local probate/estate attorneys, and connecting with wholesalers.

Once I had a deal that fit what buyers were looking for, I’d bring it back to them and make an assignment fee in the middle.So yes, you can definitely start with nothing.

We manage small-to-mid-sized portfolios (1–20 units) for clients in New Jersey with Proactive Property Management, and we’ve tested a few property management platforms over the years, so I’m happy to share what’s worked and what hasn’t.What we’re currently using:We’re back on Buildium, and it’s been a great fit, especially for a growing portfolio.What we like most:1.

LLCs are not super cost effective and provide minimal protection depending on the state. 

In many cases, having these protections in place also strengthens your position during negotiations or legal disputes, often resulting in more favorable outcomes.To navigate these complexities effectively, I highly recommend assembling a trusted team of qualified professionals.

You could also pair this with a LTR app to help you with rent collection, leases, etc. 

Using it for down payments or even paired with a loan that wraps in rehab costs (like a conventional renovation loan or hard money to start, then refinance) can definitely make sense.When it comes to deciding if a property is “good enough” to keep long term, most investors break it down into a few key points:Numbers first - Does it cash flow after all expenses (mortgage, taxes, insurance, PM, vacancy, maintenance)?

Paired with the great advice you’ve already received, this will give you a strong foundation to scale efficiently.