At least, the fundamental principles of it that have been around for decades have not changed. 

These areas often get overshadowed by the excitement of finding deals, but they are absolutely essential to the long-term success and sustainability of your investments.A thoughtful tax strategy ensures you’re maximizing available deductions, leveraging the most advantageous structures, and ultimately keeping more of what you earn.

Essentially protection from lawsuits. 

The biggest win was restructuring the lease:Rent increased to $1,500/month (with 3% annual bumps starting month 24).Tenant agreed to reimburse insurance costs, cover property taxes, and provide an HVAC service contract.That essentially converted it into a clean NNN lease.Value Add Chapter 2 will be to make it an A class office/retail space.

There were rat/pest infestation we discovered after moved out and we essentially spent $50k to completely redo the property plus wildlife mitigation and treatment.

But if your portfolio is only tied to rental properties, you’re essentially betting on one sector—and that can be risky.That’s why I started looking into oil & gas royalties as a way to diversify.Here’s why they caught my eye:Different Drivers: Real estate income is tied to local markets, tenants, and interest rates.

In addition, take a look at the renters themselves - you can't squeeze blood out of a turnip, so if they are essentially judgment proof, then getting the property back in your name and moving on with your life will be your best bet. 

It’s a timeless principle — and it applies perfectly to real estate investing.When you know your why, you make smarter decisions, stay focused during setbacks, and avoid chasing every “rabbit trail” that pops up.

This is essentially the formula everyone is using now in the apartment space, and I think for your B and C class rentals this is perfect. https://www.homedepot.com/p/TrafficMASTER-Khaki-Oak-6-in-x-36-in-Luxury-Vinyl-Plank-Flooring-24-sq-ft-case-185312/206934038

Collaborating with brokers, vendors, and partners is essential.