It's at this point many exit the real estate investing business. 

I blindly invested in an overpriced 3BD SFH in Cahokia Heights, IL April 2024 and have been carrying costs since then!

I don’t make any money whatever he chooses to do.

How did you handle tax prep when you first started investing, especially with a plan to scale over time?

You spend a lot of time and money having people do this work, and at the end of the day you don't net any more income compared to a long term rental.

Let's say you split the cost of furniture over a 12 month period amortization rate.Furniture costs: $583Rent $1500Utilities $150Total Cost = $2233After vacancy costs, your monthly rental revenue is actually only $2240 Formula for vacancy (2800*12)*.80You're not making money. 

Do you invest locally in Tampa Bay or out of state? 

Unfortunately, this is common in the area because people often cut corners legally to save money, leading to more clouded titles than there should be.

I’m invested in the Dayton market too, 2 4units in Kettering, and located in Cincinnati.

And would love the chance to talk with you more about investing here.