The involvement of a qualified tax professional is essential to ensure that taxpayers navigate the process accurately, efficiently, and in compliance with current tax laws.

Strategy considerations:Start with one or two properties to get your feet wet - whether it’s turnkey SFRs or small multifamily - and focus on cash flow and systems.Keep an eye on financing options that could allow you to leverage capital efficiently.

I also work with a lending company that helps investors structure financing efficiently.

This will enable you to gain knowledge, experience and contacts in the most efficient and effective way possible. 

Probably the thing that has been the biggest factor is to run the business like a business. 

I’m most interested in BRRRR and buy-and-hold rentals, and I keep going back and forth between starting with a small multi-family (duplex/triplex/fourplex) or a single-family rental.Here’s where I’m stuck:SFRs seem easier to manage and may be less intimidating for a first deal, but the cash flow might be tighter.Small multis could bring stronger cash flow and efficiency, but I’ve heard they can be tougher to finance, and vacancies or tenant issues could hit harder if I don’t have a solid team yet.For those of you who’ve been down this road already:Which one did you start with, and why?

I want to set things up correctly from both a liability protection and tax-efficiency standpoint but I’m not sure what the smartest approach is.I want to make sure I’m protected personally, while not overcomplicating things or eating up profits with unnecessary entity costs.If anyone has been through a similar situation—owning properties in more than one state—and can share what structure worked well (or what to avoid), I’d really appreciate the insights.Thanks in advance!

With no rehab expenses and no holding costs, the financial structure was simple and efficient.

Find a GC that is effect and efficient 

I work with a lending company that helps investors structure deals efficiently, so feel free to connect if you want to exchange ideas or talk strategy as you make the transition