Hi there,Given the complexity of your situation—owning a rental property in Florida while residing in Illinois, house hacking with your daughter, and planning to claim tax breaks—it might be a good idea to consult with a Certified Public Accountant (CPA) or an Enrolled Agent (EA) who specializes in real estate taxation.While your current tax professional at HR Block has experience with multiple properties, a specialist can offer more in-depth knowledge on multi-state tax issues, rental income reporting, depreciation, and maximizing deductions specific to real estate investments.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

If you see yourself owning 2-3 apartment complexes, I would start with at least 4 units, maybe even 8-16.

Hi there,It sounds like you're looking for some advice on how to navigate a complex situation with your brother and your wife.First, let's address the joint account and mortgage issues.

The complexities here are twofold: You need to review your existing agreements with an attorney to determine if they contain illegal provisions under Section 704.44., and sign new compliant agreements with your tenants.

Purchase price: $1,700,000 In Search of partners or buyers to build this 8 unit complex near Trine University.

I’ve heard good things about some of the newer online options, but make sure they can handle the complexity of a growing real estate business.I had a friend in Scottsdale who ran into an issue with her lenders when she tried to close on her second property.

Hi there,From what I've seen and the data suggests, the Hampton Roads market is indeed quite competitive.

.: There are ways for him to sell the property to you even with a mortgage, but there's a lot of complexity involved and I don't recommend it.

Augustine most oceanfront condo complexes do allow some form of STR.