Quote from @Yixiong Pan: It's possible, but it's also possible that the tenant will destroy your house and you'll never know.Managing investment property involves more than collecting rent.

When it comes to W2 employees, it involves HR, expectations, paying them whether they have enough leads or projects to fill their day or not, managing higher expectations (W2 employees seem to be much more "picky"), and overall they are just more expensive.

However, this approach might add complexity, such as additional tax filings, self-employment taxes, and administrative costs.

They often do this by marketing directly to buyers or leveraging platforms that connect them to potential buyers without involving agents.

Communication is SEVERELY lacking from all the agents involved plus the brokerage.Finally, I just drive to the sellers house in person and knock on the door.

And file in court 3 days later.

It would likely kill all your cash-flow.In my opinion, filing + advice for someone with that portfolio size should be less.best of luck

We have filed for our LLC and are awaiting our EIN so we can open the necessary corporate accounts.

@Sean Hoglund  Assuming the prior years tax value is lower than your purchase price as in your example, you want to file your ATI Exemption before Jan 31st following your closing date at your county's Assessors office. 

Is there any filing that we should do accordingly?