In that event purchase rental property - single family or duplex and maybe house hack initially. 

It can be appealing due to its low initial costs and inventory management simplicity.

And it's how investors talk themselves into mediocre deals.I ignored their initial number.

This label means that any large "paper loss" from your setup expenses and Bonus Depreciation cannot be used to offset your W2 income—deductions are limited to rental income.Your key is to show with solid records, that your personal use days (even during the initial startup phase) stayed under that limit.

Once you know your initial lane, the path gets much clearer and the right teammates show up fast.Glad you’re here, brother — stay consistent and keep your purpose in front of you.

I could really use a gut check from some experienced investors.Here's the story: The seller's initial inspection report on this property came back with several red flags, including "multiple issues with the foundation" and a number of "cracks in the exterior walls."

Initially I was going to replace these, but surprisingly got so many favorable comments, I stuck with the "homey/comfy" theme.

My wife and I initially tried to set it up ourselves considering my wife has a bachelors degree in commerce but then learnt that’s there are certain nuances that will come with experience.

Hello all, I finally got around to having my LLCs set up through and attorney and it appears I have been left hanging here.Attorney initially opened 3 California LLCs as well as 1 Wyoming LLC.

I know this is not helpful for a new investor who does not have the cash to invest in properties and will need to utilize mortgage financing at least initially my suggestion is to treat it as the venomous snake that it can be.