@Desiree BoardWhen deciding between investing locally or out of state, and whether to self-manage or hire a property manager, consider your goals, comfort level, and resources.

My client has a property near the hospital where he runs his dental practice and has 6 hospitality units connected on the other end.

Any investing usually has a level of risk associated so you want to make sure you know exactly what that is when it comes to the flint market. 

High earners should also consider estate planning tools like trusts or Family Limited Partnerships (FLPs) to minimize future tax burdens.Given his income level and tax complexity, consulting a real estate-focused CPA is essential to maximizing deductions and optimizing tax efficiency.This post does not create a CPA-Client relationship.

It takes a certain level of QB knowledge to set it up correctly.

It's now a really lovely 3/2 unit, but I'd love to turn it into two separate units; 2/1 and 1/1. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I have one bizz partner I sold a 100 unit apartment to 18 years ago for 5 mil and he paid cash..

When you say multi family properties do you mean 2-4 units or larger apt complexes? 

At a basic level there is no one set way to structure a partnership.