That’s your home mortgage interest as well as property tax and insurance for 2nd half of the year.

Quote from @Kyle Schreur: There's more detail in my book, but here's a taste.HOW TO SHARE UTILITIES 101You have a property with two or more units and the utility meters are shared.

Your SEC attorney can help you with the details.Typically you would have one LLC that owns the properties and another LLC that acts as manager.

I look for distressed properties to get better profit margins How did you find this deal and how did you negotiate it?

With SFH you have to deal with exterior items to a property and more systems compared to a condo which you just have your shell, but you have to deal with an association.

In particular, I’m a huge fan of the South Side of Chicago or Northwest Indiana for cash-flowing properties.

I would think this model works best if the property is close to you.

The same goes for PMs and companies selling properties.

Hi Carlos,Within my 20 years of experience, one of my proudest wins recenlty was helping a client who couldn’t get approved for financing because their property had two ADUs (Accessory Dwelling Units).

If you're counting on getting some financial aid for your children's education, you'll want to take a good look at how owning an investment property (negatively) impacts financial aid.