Building relationships and rapport during property tours can also lead to unexpected benefits, such as sellers leaving equity in the deal due to the trust and connection established.Remember, every property tour is a chance to gather data that isn't available on paper.

I am not providing any type of legal advice, but you want to research this and you can also look at the "Howey Test" as it is very likely what you are planning to do would be considered a syndication, not a JV. 

STR cabin, even on 32 acres, warrants close review, as this significantly impacts your depreciable basis.A reputable cost segregation firm has established methodologies to accurately determine land value, often using assessor data, market comps, or land-to-building ratios, without automatically requiring a separate, costly appraisal.Discuss directly with your cost segregation provider how they plan to allocate land.

Hey Gia, love this series idea breaking things down for new investors is hugeI'm also based in Columbus and focus on the deal sourcing side, specifically distressed property data (tax delinquent lists, absentee owners, etc).One thing I'd add for new investors working on their buy box: understanding WHERE motivated sellers are is just as important as knowing WHAT you're looking for.

Pull tax delinquent data from your county (Bexar County for San Antonio)2.

If the calendar squeezes you, consider purchasing but placing in service early next year, or pivot to a property that’s already rent‑ready so you can hit the placed‑in‑service test.

I, personally, understand what your data and charts mean.

If a deal only works because you’re stretching timelines, leverage, or assumptions, that’s usually worth slowing down and re-checking, if you ask me.Curious how you’re thinking about stress-testing the refi and cash flow on the next one.

You can test this on your portfolio, it holds true more often than not. 

While what I do is very complex with a huge amount of math and data into it, it really comes down to a very simplified ethos of things; have what people value, where people want to be, and they will happily reward you for it, care for it.