Today, I’m actively working on my first BRRRR deals in the Sacramento region, building strategic systems, and establishing the right professional team (contractors, property managers, lenders, and attorneys) to scale safely.My goals are to:•Build a portfolio of profitable, well-managed BRRRR properties•Develop long-term assets •Create a multigenerational legacy through smart financing, disciplined operations, and strong partnerships•Connect with investors, contractors, and professionals who value transparency, responsibility, and consistencyI’m here to learn, share my journey, and build relationships with people who take real estate investing seriously.

Absolutely Nick,I know of investors using MTRs for travel healthcare professionals, Home Insurance Claims after catastrophic devastation, digital nomads, etc.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

When filing jointly, if one spouse qualifies as a Real Estate Professional and materially participates, the rental activity as a whole can be treated as non-passive for the joint return.

Quote from @Zach Logan: Hi everyone, I am posting in here to hopefully find someone knowledgeable and respected in the tax business for real estate professionals.

Because the condo price is so low, I would still have a decent monthly savings rate towards my next deal.I’ve done a lot of research on duplex house hacking but almost none on condos, so I’m unsure how big of a deal things like HOA reserves, rental restrictions, special assessments, or resale value are.

Things like preferred returns, equity splits, management fees, and exit timelines vary widely, and they can make a huge difference in your risk and return.Third, assess your own goals and capital availability.

Mike - Fortunately, the vast majority of SDIRA's do have the proper language and provisions allowing you, the beneficiary, to manage and hire the proper professionals. 

Renovations, such as upgrading common areas, adding amenities, and improving unit interiors, can be costly, so it's crucial to determine the expenses before acquiring the property.Seeking the help of a construction professional is recommended to create a comprehensive budget that includes hard costs (materials, labor), soft costs (architectural and engineering fees), and contingencies for unexpected expenses.

Outside of my professional pursues, I enjoy weight lifting, traveling, and trying new foods.