I am fine just going forward on trust because theses are close friends but if we can have some form of TIC agreement without risking losing the ability to 1031 upon sale, I would like to get that in place.Thanks for your input, @Bill B. and for tagging me. 

BiggerPockets’ forums and their book The Book on Wholesaling Real Estate by Jamil Damji and Pace Morby is also a great starting point.REI Meetups: Check out NY-area real estate meetups and REI clubs (NYC Real Estate Investors Association, Meetup.com) — there you’ll find classes, mentors, and networking opportunities.Practice Talking to Sellers & Buyers: Even before you have a deal, practice analyzing properties, cold-calling, and building your buyer’s list.Start small, stay consistent, and focus on learning one piece at a time — you’ll gain confidence faster than you think.

Group message abilities?

Make sure to consult with your CPA about which hours can be used before starting your hours log.Here are the indicators that put you at risk of an Audit that the IRS looks at with this strategy::(Source)Real Estate ProfessionalIf you don’t have the ability to invest these kinds of hours into a property, you can become a Real Estate Professional under the tax code, or have a wife or husband become a Real Estate Professional, which then will turn your Passive Losses into Active Losses on your real estate.To become a Real Estate Professional, you need to have:(Source)As long as you work 750 hours in real estate (14.42 hours a week excluding vacation), AND half your time is spent on real estate activities (so you could still do other work for 12-13 hours a week), you can qualify as a Real Estate Professional.

Has anyone here actually confirmed whether Euclid allows or disallows this practice?

Yes they are a huge lender, but their lack of transparency and shady practices are what makes them terrible. 

Best loan, HML, and best practice, buy the house at the best price verse the comps. 

For clear, step‑by‑step rehab sequencing, I’d study these in this order: YouTube: Matt Risinger for building science and order of operations, Home RenoVision DIY for beginner‑friendly checklists, and Hammer & Hand for best‑practice details; then pair with J Scott’s The Book on Estimating Rehab.

I bring execution, project management, construction horsepower, and the ability to drive timelines, costs, and value creation.If you’re operating in a Midwest market and want to team up with someone who can take the renovation burden off your shoulders and deliver results, I’d love to connect and talk about working together on a 6–12 unit building.

I’m looking to connect with others who have experience — whether that’s lenders who can walk me through financing options, investors who are already using the BRRRR strategy, or mentors willing to share their guidance on best practices.