Just have a few questions before we get to deep into the process:What are some common mistakes that can easily be avoided?

I’m in the 33% tax bracket through my real job and this could be a big difference in taxes owed if we sold the property?

This will also allow you to avoid taxes on the sale.

No matter the number of units, there is one roof, one property tax bill, one sewer line, one gardener bill, etc. 3.

It avoids having to pay the capital gains and lets the property keep appreciating while you still own it and reap those future rewards and more cash-flow from the property in the meantime.  

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If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.

Your loan will be $1,100 a month, add insurance and property tax.

I live in Kansas. My single-member LLC is registered in KS. The LLC owns property in MO. The MO property had a net loss for 2024. I understand I file for the net loss. But do I do so in KS, MO or both states?

Originally posted by @Jacob Trogan:@Mindy Jensen please lift my ban, also please let me know how to avoid this I did not copy the same message Hi @Jacob Trogan.