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Difference between 1-4 units and 5 + units
Can anyone tell me what the difference is when owning small multi family units such as duplexes up to quads compared to owning 5 + units in one building? Is there a difference in the way you file taxes? What are the pros and cons of having 5+ units?(small apartment complexes) I'm in Florida so no sure if it differs from state to state.