If you’re close to $150,000 in AGI, a few ways you can bring that down AGI is by maxing out a 401k traditional ($23k for 2024 tax year), maxing out your HSA ($4,150 for 2024 tax year), and if you have any capital losses from stocks (up to $3k per year), I would encourage you to have great bookkeeping to ensure you’re capturing all of your deductions appropriately on your rental property.

Being clear about what’s covered in the lease and by local laws can avoid misunderstandings and set their realistic expectations.If you do plan to carry out the cosmetic upgrades (because the property is overdue and of course you want to ensure your tenants are enjoying their home to the best of your abilities), try to schedule the repairs at times that minimize disruption.

Consult a tax professional for personalized guidance to ensure you maximize your deductions.

I currently have  1 Business Bank Account that is for Master LLC and stuck on best way to manage cash flow  and flow of funds between account for all master expenses related to my business setup vs and also expenses/ rent related to the properties to ensure that I keep things clean, simple and easy for reporting, taxes.  

Just like any real estate investing, there is always risks but we are well trained in the community on how to ensure we are protected (including the right paperwork). 

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

I recommend learning a bit on how to read the financials, but find yourself a great Accountant to help you analyze the financials and tax returns to make sure things make sense and are proper. 

To ensure accuracy, verify comps manually by reviewing recent sales in the area, property condition, and similar features.

As others has shared, I am able to hook them up properly to avoid any issues with tenant installation.If a unit dies, and I do not want to replace it, I just terminate the addendum and remove them. 

My systems are ok, rather I have to give credit to the individuals I work with as well as proper tenant screening.