My goal is to invest this capital into multifamily residences (as few as possible) to replace my active income completely with passive income. 

Active till the end of this year. 

. - Both @Prashanth Mahakali and @Samuel Pavlovcik are the two most active Chicago architects on BiggerPockets. 

It sounds like you’re aiming to offset your W-2 income with potential real estate losses, which can be tricky if you don’t qualify as a Real Estate Professional.To qualify as a Real Estate Professional, you or your spouse need to spend more than 50% of your working hours and at least 750 hours annually on real estate activities.

Though I don’t own property yet, I'm actively seeking my first purchase and eager to dive into real estate investment.

Also, where are you located, and do you expect to have any business activity in 2024?

These distressed properties may present opportunities for investors looking for value-add projects.Evaluate Neighborhood Growth:By analyzing permit activity, investors can identify areas with high construction or renovation activity.

Hello - I listed one unit (my unit) in south loop a month ago- had a ton of activity in August but both the 2 potential tenants who both paid for background checks fell threw!

@Matt McCurdy Hey Matt, is this group still active?

., C Corp, and an LLC for an active business I bought.