In all my personal experience of flips and BRRR, the contractor has too much financial and completion time control over your project if you combine the two.You should hire an architect/ draftsman to form the blueprint showing the new electrical, plumbing and HVAC.

Welcome to the group.As you begin diving into the world of real estate investing and start laying the groundwork for your strategy, one of the most important steps you can take early on is to prioritize both tax planning and asset protection.

Real estate investing has the potential to pave the way for financial freedom and generational wealth.

My opinion for those who are young is to focus your energy on education / increasing your salary / creating a business instead of investing.If you are good at investing, it won't make much of a difference if your overall capital is small.I.E.If you have $5,000 to invest, if you make 5% or 10% or 20% return, it is an overall small difference.I think the bigger difference is planning now how you can get a $75,000 salary when you graduate college instead of a $40,000 salary.Or to create a business now where you can make $50 or $100 an hour.

Where can one find an example business plans for a motel.

I joined using a business account in an effort to help educate on financial strategies for buying investment properties.

Over the past month, I’ve been devouring books, audiobooks, and podcasts to build up my financial literacy.

Quote from @Cody Jiosa: Just here to learn and start building my portfolio and I might have a plan that might need a partner  Welcome to BP and great luck on your investing journey!

@Gp G.You need to hire a financial planner.

Bigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation, 1031 exchanges and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.