Define the role Start with: "Act as a real estate portfolio analyst evaluating operational performance, risk and year-over-year trends for a long-term rental investor." 2.

I know a cost segregation study would be too expensive for such a small amount of property, but is it permissible for me to estimate the value of the components on my own?

So I searched for this and CHATGPT spits out the following:A Roth Solo 401(k) is fully subject to these IRS restatement cycles because it is a qualified defined contribution plan.

That’s my take on the critical components.

Clear documentation, agreed budgets, and defined scope upfront are critical.

Active participation isn’t the same as material participation (defined later).

If the exit mechanics aren’t clearly defined up front, these deals can drift and create tension fast.This tends to show up more in secondary markets with local owners who are asset-rich but liquidity-constrained, especially where bank execution isn’t straightforward.When it works, it’s less about clever structure and more about clean incentives and realistic assumptions on timing. 

Next step for me is defining my buy box, which is easier said than done as there are many shiny objects out there.

It has just become a famous book that has inspired so many people to become successful investors over the years that nearly every guru and RE coach recommends it.That said, the author has always been a bit of a nut job :-) If you take to heart the way he "re-defines" already well-defined accounting terms you'll sound like an idiot speaking to a bookkeeper or CPA.

At this stage, I’m working on defining the right strategy and would really appreciate insights from those with experience: What type of properties are best to start with for a first flipWhich areas or ZIP codes in Jacksonville and surrounding areas are most suitable for beginnersWhat a realistic purchase price ceiling would be to avoid losses on a first dealFrom a financial standpoint, whether it’s better to use hard money financing or partner with an investor and split profits in order to gain experience and build a track record  I’d love to hear any advice, ideas, or lessons learned from your own experience.Of course, if anyone here is interested in partnering as a capital investor, or has potential opportunities, I’d be happy to connect privately.