This was found off-market through a wholesaler.

After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):REAL Red Flags That Matter:The Partner Complaint TriggerDisgruntled partner files Form 8082K-1 disputesPartnership disputes leading to tax filingsReal Impact: Instant IRS attentionSuspicious Loss ClaimsLosses exceeding investmentArtificial basis inflationSudden large losses without economic realityExample: $100K investment claiming $500K lossesRelated Party GamesCircular property flipsBelow-market transfersFamily partnership schemes without substanceWatch Out: IRC §267 and §707(b) violationsDebt Engineering Red FlagsBasis inflation schemesArtificial guarantee arrangementsPartner debt shifts near year-endCritical: IRC §752 compliance matters!

We invest in Idaho, probably the most landlord friendly market in the country, had good luck there. 

But even if you’re not using Baselane, any tool that integrates with your bank and helps automate categorization can drastically reduce year-end headaches.

The capital required for Denver, and limited cash flow makes it a tough market to get your next one.

I am not looking in markets outside of Michigan at this time.

Hi Charles,This is probably the fastest way to the poor house, mainly because, in Japan, houses are like cars as in their market value depreciates and goes to 0 over time.

Study the market.

Where are the best markets to target in and/or near NJ in 2025?

The market appreciates 3% per year.Pay cash for one house and rent it for $1,500.