If you must retain some cash, consult a tax advisor to understand the liability and optimize reporting.

Second, for you as a taxpayer you need to evaluate if your tax situation (e.g. property type, tax profile, material participation, etc.) will allow you to leverage additional losses generate from cost seg to optimize your taxes. 

One of my early properties barely broke even, but after a couple of years, rent hikes and expense optimization turned it into a strong performer.For cash flow benchmarks, I usually aim for $200-$300 per unit, but your situation.. house hacking.. offers unique benefits like reduced living expenses and quicker equity buildup.

No active projects yet, but I’m gearing up to dive into multifamily properties, ideally 16+ units, with a focus on creative financing and NOI optimization.

Optimize now to fill the vacancy quickly.Thank you Kyle.

Work with a qualified intermediary and tax advisor to ensure compliance and optimize your strategy.

I'll focus on maintaining the property and optimizing rent increases to ensure consistent returns over the years.

Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.

If you would like me to double-check check your current preparer is providing optimal services for a competitive price, let me know!

If you need tailored funding, we can help optimize your financing.