I handle payments by draws and I must always be ahead and work versus payments.

Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?

Do you use any tools or services to automate the process, or is it something you manually handle?

Who is handling the syndication related to their raising money?

The key is to work with a reputable QI who is experienced in handling 1031 exchanges.

I personally think being a landlord in Chicago is easy and I have never had an eviction. 

@Bonnie Low  How does baselane handle credit card transactions?

OwnerRez – A comprehensive PMS (property management system) that handles bookings, guest communication, and even direct booking websites. 3.

I has two GREAT property managers that immediately come to mind, one handling 5 high end high rise condos I owned in Phoenix and the other one handling a 12 unit very lower end apartment building I owned in Arlington, Texas.  

.: Quote from @Jay Hinrichs: Defaults are handled by keeping a Deed.