These two elements often get overlooked in the excitement of deal-making, but they play a critical role in the long-term success and sustainability of your investment journey.A well-thought-out tax strategy helps ensure you're maximizing all available deductions, utilizing the most favorable tax structures, and ultimately keeping more of your hard-earned income.

As for building, it can be a very good way to get into a deal for below market costs of existing inventory but it's all about the numbers, location, and your ability to get the property built well and efficiently. 

We need to retain the ability to pivot.

The only thing you have to decide is do you want a "turnkey" rental, needs a little TLC or a property that cannot pass an appraisal and needs renovations and repairs to be livable.In most cases you can find a TLC property that may only need some basic renovations and that helps speed up the ARV and the ability to increase rents.

I won't claim to know if that is legal or not but if there are any attorneys on the bigger pockets platform, I would be very curious to hear their opinion on whether a sponsor has the ability to unilaterally erase an investors capital.

However, when refinancing or replacing a loan — especially if the original loan was a HELOC on a primary residence — the ability to deduct interest depends on clear tracing of how both the original and new loan proceeds were used. 

If the market is tougher, the lender needs to be pickier about who is capable of demonstrating an ability to pull off the project. 

Additionally, rent control (and related restrictions) may prevent you from choosing the best tenant, limit your ability to increase rents to keep pace with inflation, and dramatically increase operational costs.Never invest in a high-crime city.

Don’t underestimate your ability to attract the right people by simply being authentic.It’s normal to be scared, but remind yourself daily: I’m capable.

The value here being the ability to expand and increase cash flow/long term appreciation etc.