Quote from @Bruno Demarco Quiroz: Hi Amy,When you say “a property that will pay for itself,” do you mean covering HOA fees and utilities, or also the mortgage?

At purchase, I expected rents of $1,500 per unit, but current rents only total $3,735/month across all units, and I also pay utilities.

All rehab costs, materials, utilities, loan interest, and property taxes are deductible business expenses.

If the personal income, credit and assets are being utilized to qualify it title, note and deed need to be recorded in the individual's name. - Can the note/deed be transferred to an LLC or Trust after closing? 

At closing, ensure security deposits transfer, prorate HAP/tenant rent, confirm utilities status, and schedule your PM’s intro call with tenants and a post‑close walk.

Be ready to work, for at least the first year,  if you want to be able utilize the STR Loophole and kill it with a cost segregation coupled with bonus depreciation.

You'll want to mention the furnishing and anything about utilities since that's typically included in the rent.Let me know any other questions you have!

Hey everyone,I’ve done ground-up before (built a 2-story duplex ADU ~1,500 sq ft total), but this is my first time purchasing a lot for development — so I’m trying to make sure I cover all the right bases before committing.I’ve already looked into zoning, easements, and will-serve letters from utility providers.

Is it best to partner with an agent, or to utilize public records to find motivated sellers?

These two elements often get overlooked in the excitement of deal-making, but they play a critical role in the long-term success and sustainability of your investment journey.A well-thought-out tax strategy helps ensure you're maximizing all available deductions, utilizing the most favorable tax structures, and ultimately keeping more of your hard-earned income.