Our HOA/complex manager has saved my butt more than once when a guest has locked themselves out of the unit and I'm across town or whatever.

One thing he didn’t anticipate was the complexity of the reporting requiremnets, especially if he wanted investors outside his immediate circle.

If you’re confident managing more complexity and have the funds, a small multi-family property could yield higher returns.

Whether that is actually true can be debatable and the seller might not want to deal with complex lending situations.

Could be too late to form the more complex plans for 2024, so plan for 2025.Start an HSA plan.

It is more complex and has added requirements such as a formal set of books just like a corporation. 

I know a lot of CA investors doing MTR/STRs to cash flow in-state and OOS but it's a lot more work, not mailbox money.I hear stories of OOS investors losing money in the Midwest, the worst being a CA investor buying 3 apartment Class C complexes in Missouri who finally sold it 3 years year with all the repairs and tenant issues after changing PMs which didn't help.

Financing and Complexity: An LLC can make financing more challenging and expensive since banks often offer better terms on personal loans for real estate than LLC-held properties.

Complexity of return (many things such as # of states, # of properties, 1031 exchanges, etc)2.

Additionally, the presence of POHs vs TOHs introduces further operational complexities and elevates overall costs due to increased maintenance and management responsibilities.However, without detailed information regarding the specific septic system configuration (gravity, pressure distribution, mound, cluster, etc.) as well as the system's age, historical performance, and required maintenance frequency, it is challenging to derive a precise expense ratio.