Also, as I prepare for estimates, would be helpful to know where my in year deductions actually are.  

Build a team of professionals, prepare your finances, and carefully select a property near high-demand areas like hospitals or corporate hubs.

I’m committed to keeping my options open and continuing to learn about being a landlord to ensure I’m well-prepared for my first purchase.To improve my ability to analyze deals, I’ve developed a two-part plan:Join a local BP meet-up group to discuss my goals and support others.Continue learning and engaging with the BP forum.Thank you again for your guidance—it’s truly appreciated!

We are preparing our schedule to start visiting, and we sre planning to start with Rochester!

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.

WARNING: if you do not prepare for this, you can enter a death spiral: deteriorating properties lead to lower rents, worse tenants, more wear and tear, even less cash flow to fund repairs and ultimately erode asset value.I do not mean to rain on your parade, hopefully, this is a helpful long term perspective. 

Keep looking, but be prepared for higher interest rates with maybe maximum of 65% loan amounts (hopefully more though).

I am tired of preparing for the worst... preparing for the worst is killing me slowly and I might not ever make it to experience the best.

@Colin Ford recommend getting experience with your RI duplex before going OOS.You should DIY manage the unit next door, so you LEARN about property management, the goog, the bad and the ugly.Then you'll be so much better prepared to invest OOS!

I’m wanting to be prepared and educated since I’m new to this and looking for advice.