My wife and are in a financial position to start "small" in investing. She is a bookkeeper for small businesses and is taking special training on keeping books for REI. We're reading all the books suggested. (Please d...

I own & operate 15 sober living homes in California that are level 3 / type S.Oxford house would be level 1 / peer-run.I ask because sober living is such a broad term, and your insurance is going to depend on your level of staffing, licensing, etc.

Whether a rental activity is subject to self-employment tax is dependent on the level of services provided in conjunction with the rental property, not if the taxpayer is a real estate professional or not.  

Quote from @Bryant Brislin: On a national level, it was Lennar, but I heard they are going to stop that.

The right financing doesn’t just fund opportunities, it empowers you to step into the next level of your journey.What’s one lesson or personal growth experience real estate has given you?

Unlike a single-family flip, this was a larger, more complex project that required coordinating across multiple properties, partners, and strategies.The Numbers (high-level):Portfolio: Multi-property rental packageStrategy: Stabilization and repositioning for long-term holdsMy Role: Funding + structuring support for the partnershipWhy This Deal Stood OutI’ve done smaller, single-family flips before, but this was my first time stepping into a portfolio-level deal.

It has worked pretty well for cash flow, but I am ready to take it to the next level.

Happy to go in to detail with you if you want to DM me, but here are my high level thoughts:-Once you get started, there are TONS of trainings, documents and resources that are available to you and I found to be very helpful. 

Building relationships is about getting to know people on a personal level and finding common interests to connect with them.

It’s definitely a balancing act — owners want to protect their investment, but holding too tightly to outdated assumptions (like 2021 rent levels or tenant demand) can end up costing more in the long run.I’ve found the best approach is setting clear expectations upfront with a manager: define thresholds where the manager can act without approval (like minor repairs or small rent adjustments) and bigger decisions that require owner sign-off.