Hi Kin,Transferring your share of the property to your brother may have tax implications, including gift tax if the transfer is considered a gift.

Loan administration can have a huge impact on how much cash is required to advance projects.

There will be no assessment for increase in taxes or insurance so remains at $1935.

Zachary,Your concerns about Cleveland are valid—high property taxes and stagnant population growth are definitely challenges to consider.

You're giving up some good tax benefits since you're in the tier of taking itemized deductions.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

My payment with insurance & taxes is $1425 a month.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

From there, it's easy enough to look up the tax rate for corporations and make your tax burden assumption.

Tax and Legal ConsiderationsUnderstand the tax implications and legal responsibilities associated with rental income.