Thanks for that shout out @Bill Brandt. 

The meters, bills, old permits (should be available through the city planning), the appraisals, etc.Most appraisers check with the city on permits and non-conforming use while doing their research. 

Net effect, typically, means distributions are not taxed in current year, but do lower your basis resulting in larger tax bill upon sale.Depreciation reflected in the net gain/loss from rental box on K-1.  

Quote from @Bill Brandt: What’s the purpose of using the LlC other than to make it harder and more expensive?

:Originally posted by @Bill F.

The current bill is set to expire in 2026 ending the tax credits for these investments.

Plus if it is an older home, there may be other issues that creep in and cause costly bills.

They require tax returns, voter registration, car registration, driver license, and utility bills in the app to prove it's your primary.

@Bill HamptonThanks Bill!

I just had a vacancy come up in the middle of a fourplex escrow and the seller had the unit re-rented in under a week for $50/more per month. 6) Yes it's hot, but with individual metering the landlord doesn't foot the electric bill 7) Yes the market is competitive here, but mostly for 3/4 unit properties.