Do you have property managers and contractors who your clients have been using for over a year successfully?

TLDR: Quicken (quickbook’s little brother) is super easy, cheap, and still overkill for someone with less than 20 properties.

Then look at places where you can buy those properties, and last investigate with HUD what is the section 8 rental in those areas.In that way, you will collect a lot of knowledge in the process.

For context I have a tenant who has been in the property for close to 10 years.

Nevertheless, if the RAD investors  actually had loans  collateralized against property they would be in a much better position.

The property's expansive lot further heightens its appeal.How did you find this deal and how did you negotiate it?

In terms of negotiating the deal, we looked at the property and its condition and negotiated the price down and eventually met in the middle.

To minimize taxes, consider the following strategies:1031 Exchange Before Dissolution – The corporation could complete a like-kind exchange, allowing investors to roll their ownership into individual properties while deferring capital gains tax.

You know a similar thing happened in Kansas City (more specifically Jackson County, MO) regarding property taxes in 2023.

Some property managers will look at other factors, not just your credit score.