If your giving away 30% of Gross, that severely eats into your potential profits. 

A lot of qualifying questions for any potential tenant.Having said the above, I ask for some "standard" things, such as the names of everyone who'll be living at the unit.

However, ensure you understand the local tax structure and any potential future changes.Economic Dependence: While Albuquerque has a diversified economy, it's worth noting that government and military jobs play a significant role.

As interest rates rise, they naturally cut into potential cash flow on a property.

Some IRS agents may still require filing Form 1065 for 2024, so be prepared to file for this year before transitioning in future years.For Question #3 on Form 8832, you are correct that it asks whether the entity has more than one owner.

This deal stood out due to its strong resale potential and minimal risk.

@Jonathan Klemm Plans are to either house hack again, potentially live-in flip or maybe venture into 5+ unit commercial

More people moving to a city is more potential tenants. 

You can earn commissions while learning and tapping into an existing network - all with potential partnership opportunities before you go out alone. 

As a PM myself (in California) I take pride in my leasing contract and screening process because that removes so much headache in the future.