Start by networking through local meetups, REIA groups, and online communities like BiggerPockets to connect with experienced investors.

You have to complete Schedule E if you have rentals.You should check if the turbo tax premier version allows the filing of Schedule E.With that said, using a software like Turbo Tax will assume you to understand what is deductible.If you work with a tax professional, you are more likely to have an accurate return.

It's more like BRR(hold)RR now.Yes!! 

Quote from @Pamela Rivas: Hi Natasha,Here are some key points to consider about setting up a Mexican corporation:Setup Costs: $1,500–$3,000 USDOngoing Costs: $1,000–$2,000 USD/year (accounting and tax filings)Benefits: Tax deductions for expenses like maintenance, repairs, and managementBest for: Multiple properties or income-generating investmentsWhile a corporation is ideal for managing multiple properties, it’s NOT required to obtain an RFC.

Focus on areas like Mesa, Tempe, and Central/West Phoenix for the best balance of affordability and rental demand.

Insurance companies are always looking for MTR that are furnished like ours  never stays vacant more than a week.

Wholesaler relationships, or using tools like PropStream while driving neighborhoods to identify distressed properties, and REI meetups as deals can come from relationships.What strategies have worked best for you so far?

Sounds like your PM may have been inexperienced and you should seek someone who might understand the process a little better.

I wouldn't take that money to buy him out I'd liquidate and move into better asset class like extended stay development or 3 story walk up apartments 

I would also like to know the purchase price and current market value.