Plus, letting a unit sit vacant for 6 months without approving needed maintenance is totally Irresponsible on your behalf.I’m glad we gave you a 30 day notice and would do so in a heart beat again to any other landlord with a similar mindset to yours.Much success 

There are also limitations of how much total loss from RE you can take against your W2 unless you are a RE Professional.

@Natasha Rooney I am obviously, but think Arizona is a great place to invest in multi right now. 

Any pointers or resources outside this community are totally welcome ! 

The greatest profits are in properties that can be repositioned to a higher and better use, or appreciate the highest over time, or will throw off a TRUE cash flow of 20% per annum on total investment (cash + debt + capital investment). 

For example, there are a grand total of a whopping 34 multi family properties currently on market for under $500k. 

That's totally fine..

I know I made a lot of mistakes here, and if I could go back would certainly do things differently.Key facts:• no written partnership agreement • In business for 1 year, with 8 total combined clients• 2024 total income $29,500• No shared business property or initial investment.

The obvious question you might have is, why the low occupancy?

Even paying it late they're obviously making an attempt, which is 99% more than most tenants would do.