Am interested in a copy of a professional log book as well...thank you...

A few quick tips:Markets: Check Redfin, Zillow, NeighborhoodScout, and BP’s Market Analysis tools for growth trends like rent growth, job numbers, and home price appreciation.Tax strategies: Look into becoming a Real Estate Professional for tax purposes or using tools like cost segregation, bonus depreciation, and 1031 exchanges to offset your W-2 income.Financing with student debt: Many banks offer physician loans with special terms and don’t weigh your full student debt into DTI.

I’m Weston Rutkowski and I’ve been rodeoing full-time for the past 12 years as a professional bullfighter and I am a 4X World Champion.

For more flexibility or quick closings, portfolio loans or DSCR loans are also options.Tax Strategy:You’ll depreciate the rental portion over 27.5 years, significantly reducing your taxable rental income.Expenses like mortgage interest, property taxes, insurance, maintenance, and property management are deductible on Schedule E.If you qualify for Real Estate Professional Status (REPS) or materially participate under the Short-Term Rental (STR) Loophole, you can use rental losses (including bonus depreciation from cost segregation) to offset W-2 income.Consider setting up an LLC for liability protection, but understand it doesn’t change how your rental income is taxed unless you elect corporate treatment.Mistakes to Avoid: Overestimating rent, underestimating expenses, buying without inspection, or skipping proper tax planning.

Hi, I'm new to RE investing, but a professional with cash who is looking to analyze some deals and move fast.

Unsolicited advice to any young professionals just starting their career.

That size is highly attractive to a wide range of renters, from working professionals to small families.

@Greg Seivert You're absolutely right to question that advice.Just because you qualify as a Real Estate Professional (REPS) under IRC §469(c)(7) does not mean your rental income shifts to Schedule C, and it does not trigger self-employment (SE) tax.Rental income, even when you're a REPis still reported on Schedule E, unless you're:Providing substantial services (e.g., cleaning, concierge, hotel-like operations), orRunning a business like flipping or wholesalingREPS simply allows rental losses to be treated as non-passive, so they can offset other income like W-2 or business profits.

Seeking Advice: Best Investment Markets Near Boston (<$1.5M, Lakefront Properties)Location: Massachusetts (Greater Boston Area)Investment Strategy: Buy & Hold / Short-Term RentalBudget: Under $1.5MHey BP Community!

If you’re seeking financing that range is typical unless you're bringing in an equity partner.You might consider structuring this as a joint venture with someone who brings capital and shares in the upside, especially if you’re open to giving up some equity in exchange for more reasonable termss