And if you account for vacancy you may be losing more like 20k/year.

- then get with an accountant and discuss whether it makes sense to convert your LLC to an S-corp.

You've now become a mediator between them.I assume you prefer not to have the utilities and water accounts under your name.

Be aware of who you interview as your accountant.

Cherry South Bend INCurrent Property Status: This asset is sub-performing, which means the borrower is due for July, and foreclosure is to be referred next month if the account is not brought current.Syndication: Scottsdale REI - III - XXVIProperty Address: 172 Carlson St, Westbrook MECurrent Property Status: The borrower is currently in foreclosure, and the Fair Debt Collection Practices Act (FDCPA) letters have recently been sent to the borrower.Syndication: Scottsdale REI - III - XXVIProperty Address: 13959 465th Ave, Wilmot SDCurrent Property Status: Scottsdale was required to issue Service by Publication.

Fix and flips and the BRRRR strategy are fantastic ways to build wealth, especially in a market like Philadelphia where there’s plenty of potential.As a property manager in the Philadelphia area, I've seen firsthand how impactful a solid property management strategy can be on maximizing returns, particularly for investors using the BRRRR method.

Your prior question was shold I use my W2 income to pay down (aka you mean what you have saved in your checking account?).

I would discuss this with your accountant.

And the net cash proceeds are what go into your 1031 account.  

And it's convenient for life if you use your personal bank account, you can still have one app for rentals and paying friends.-  Con's:  Nothing about the software per say, but about the landlord experience.