This will also give you education on saving money and managing a business as like anything in life, there will be income and expenses and you need to always maintain that balance.

This means the cost would generally be capitalized and depreciated over time, rather than deducted immediately as an expense.On the other hand, if you were simply repairing the existing refrigerator to maintain its normal operation, that would likely be considered an operating expense.

This limits housing for working people who will pay their rent and maintain a clean unit without rule breaking.

I save on property management fees, maintain control over tenant relations, and personally ensure things are done right.

This setup allows me to maintain my current income while being physically present in Missouri to actively manage our real estate investments.My BRRRR Strategy:My goal is to identify single-family homes or small multi-family units that need some rehab work, ideally in neighborhoods with strong rental demand and growth potential.

Why This Matters: For investors in multi-family properties, especially in today's real estate market, maximizing tax savings is crucial for maintaining profitability.

Maintain the absolute highest standards of appearance, cleanliness and service and families will be beating your door down.  

It'll keep you organized and help you maintain meaningful connections with your network.

And speaking about retail, you also have other real world issues that can impact things: co-tenancy requirements, use restrictions, etc, that may not be an issue with the current tenant lineup, but can certainly impact your ability to fill vacancies or maintain occupancy as tenants roll.And to address what seem to be your follow-on questions for people: there is no exhaustive list.  

The biggest problem is constant litter and dumping by non-tenants and petty vandalism.Even in this neighborhood, I believe that because we maintain our buildings well and are willing to do payment plans, we have four (of 8) tenants with B.S. degrees and a fifth in his 3rd year of a BS.