If you want to document how you handled unique situations that could be sensible.

A professional property manager should handle the heavy lifting, ensuring your investment is protected and profitable without adding stress to your plate.

Any ideas on how to handle this?     

Hi all, we need some help on tax strategies for a 5-door rental portfolio in Montgomery Alabama, this is a long-distance investment, we leave in Miami but invest in AL. for now, we are planning on a rapid grow on the Montgomery Market, we have partner up with new investors and we are in need to set new entities and the best tax strategy to set up the upcoming investments but also i will need help with the investments on 2024.Please reach out for a consultation and hopefully a long-lasting relationship.It will help if you are located in Miami and can handle Alabama, so que can have a one-on-one meeting.Thank you ALL and have a blessed day!!!   

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

suggest you think of using digital business cards, but not typical ones like all solutions out there, something that is the first AI-powered digital business card and offers AI persona, which handle client questions and would act as your 24/7 personal assistant. it’s called Avatalk,

I handle payments by draws and I must always be ahead and work versus payments.

I has two GREAT property managers that immediately come to mind, one handling 5 high end high rise condos I owned in Phoenix and the other one handling a 12 unit very lower end apartment building I owned in Arlington, Texas.  

The key is to work with a reputable QI who is experienced in handling 1031 exchanges.

Currently the other unit is empty and wasn't sure how to handle the taxes regarding this, so I am looking for refences of an accountant in the Phoenix Metro who does house hack taxes.If you have any other pieces of advice or wisdom for landlord and tenant rights it would be greatly appreciated.