On the renewal for the license, I asked if the loft was considered a bedroom and the response I got (unsurprising when it comes to taxes & fees!)

The city may boost my business since I pay a lot of taxes.....

One thing I did note is my insurance is $3K a year lower due to the monitored fire suppression system in these larger properties versus my smaller properties that sleep 12 or less built close to the same time.As someone who has lived in Illinois twice, the politicians there don't care if people burn as long as they can tax and spend. 

They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!

Don't take their unofficial advice as gospel, so do appropriate due diligence prior to making changes to the property. 

We had a third party report done for our prior offerings (similar to how a mutual fund has a third party verification report to verify the returns). 

He had the opportunity to interview the seller and mngt prior to closing on the home and chose to work with them.2) As always recommended, this investor conducted full due diligence by having an inspection and appraisal.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Just think tax deductions 😂👍🏼