Most of the “high risk” deals, and by high risk I’m referring to deals that do not compensate the passive investor adequately with potential gains to offset the higher risk, originate from two sources.  

if you do this you might as well lower the prices in the ad.

@Stephanie Heron Weeber The Builders Risk policy is the correct coverage for this project.   

I seriously need to encourage my appraisal on a new build to come in much lower and need tactics to make this happen 

Tax Strategies for High-Income Earners: How to Lower Your Effective Tax RateRecent IRS data shows that the top 1% of earners—those making over $663,000 annually—paid an average federal income tax rate of 26.1% in 2022.

Your caution is justified, but with proper due diligence (scope inspections, city line records, repair estimates), many of these risks are manageable and even negotiable in your offer.Ask ChatGPT

I know book keeping topics repeat frequently on here so I apologize in advance!We have been using the same accountant to do our taxes for the last six years or so and recently started having them do our bookkeeping fo...

I love both your strategies, but if it is at all possible for you to host hack aka buy a 2-4 unit building, live in one unit, and rent out the others that would be the best way to get into the real estate space with the least amount of risk.

With sweat equity and the associated risks, you have a property worth $100k more than you could have afforded if you purchased a mls ready home.My view is all of these options is lower risk than purchasing OOS residential and expecting a decent return.  

Good luck and unless you think prices will be lower in 5 years, get started.