If the place burns down (which it very well could because K&T is a big fire hazard), and the insurance company finds out you didn't disclose there was active K&T, they will certainly deny the claim.

The PM company is starting to kick a little better lately but we had a rough 2024.Always remember that every positive and negative experience when taken well is an opportunity to grow as a person and to learn something valuable. 

As I see it, the only ways that real estate pays you well in the first 3-5 years is low to no leverage or a strategy that requires more work (short term rental, mid term rental, rent by the room, etc.).  

We host RE meet-ups as well.

I am looking to purchase real estate for both investment purpose as well as to offset as much tax liability as possible. 

i’m interested as well and would love to learn more about MTR‘s

Take into consideration that when the person you gifted the property to will have special tax considerations as well 

"But rates have been at 7% or higher in the past, and investors still did well!"

I wish you well in your situation, this is never easy.

Good wholesalers will price deals well, meat on the bone for you.