Welcome to the group.Whatever your investment path may be, two key pillars, tax planning and asset protection, are often overlooked, yet absolutely essential for building a sustainable and successful portfolio.It’s easy to focus on the thrill of closing deals, but without a solid foundation in these areas, your long-term success may be at risk.

Without a doubt there are plenty of great opportunities but my experience here has taught me to be much more prudent with who I trust and being boots on the ground is absolutely essential in any area i explore investing in going forward.

Not only your risk is minor with wholesaling, but you 'll also benefit in the process from the following:1) Acquire essential skills of sourcing off-market deals and negotiating with sellers2) Get access to nice chunks of cash through your assignment fees3) Have an opportunity to tap in to any market throughout the US4) Build a network cash buyers and other industry professionalsAnd perhaps more.

Add clarification that rent obligations will be adjusted or abated if essential services are interrupted for extended periods, consistent with NY’s Warranty of Habitability (Real Property Law §235-b).

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

.🔑 Only one ADU per lot allowed.Why it matters:Charlotte is under major housing pressure, and this is a way the city is incentivizing “gentle density” without rezoning entire neighborhoods.For investors, it creates a structured pathway to add a unit with city support — though the affordability requirements and rent caps may limit cash flow potential compared to market-rate rentals.On the flip side, the forgiveness structure (essentially free capital if you comply) could offset the reduced rental income.My take: This could work best for buy-and-hold investors who don’t mind playing in the affordable space and are looking for long-term, low-cost additions to their portfolio.

Set the property up with essential amenities like high-speed internet, smart locks, and washer/dryer access, and consider offering weekly or monthly discounts to attract longer stays.

I invest in the Midwest, but the same principles apply no matter the market—strong fundamentals usually beat chasing the cheapest deal.

You essentially give up your ability to be a fiduciary when you do these deals and there's no value you can bring to your client, only the wholsaler wins. 

It essentially gets “stuck” on your balance sheet until you sell, at which point it reduces your taxable gain (ie higher land basis).