I'd also add to that that you are paying a 20% withholding tax on gross rental income. 

Sell, get the tax savings while you can.

If your not ready to spend money on a software you can use tax records.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Reading and watching BP podcasts to learn.

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I'm new here to the BiggerPockets site. I have 1 rental for which I have been renting since 2018. I am looking to purchase more rental properties in the near future.

Glad to be here and cant wait to network and learn!

I’d love to learn from all of you, connect with like-minded people, and eventually achieve financial freedom together!