Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.- Maintain proper records, such as contracts, settlement statements, and promissory notes.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.

Forgive me if im being a bit forward: would you be willing to give some sort of tips/guidance of the process ypu went through from start to finish?

Have you thought about trying to do a sub-to or any sort of partnership to do a BRRRR.  

Make sure they send you a copy of the police report so you can follow up with the tenant causing the issues and send them some sort of warning in writing.

Unless you have some sort of subject matter expertise or access to an unfair advantage (cheap labor, ways to source off market deals, etc.), index funds are likely to provide an equal or better return with a MUCH lower hassle factor and more liquidity.

Or are they performing some sort of arbitrage and they are not the end buyer.

Indianapolis (where I'm a realtor and work with all sorts of investors) is a great market to find that and get a mix of solid appreciation too if you know where to buy

As far as the sale of a property with a mortgage on it, that all gets sorted out at close. ie, you bring your money, the bank gets what they have coming, the realtor gets what they have coming (if there's one involved) and the seller gets the rest.

It's just one more government body asking for a lot the same information.  

Feel free to track on the site above or if not, I'll post again with an update in a few weeks time as they get closer to some sort of proposal.