BP has built a great selection, all of them worth reading and that will help you build foundational knowledge.To answer this one: the words from old school investor Dolf De Roos "seldom sell" and you will find a lot of post on BP from people who regret selling properties in the past.

I recently toured a property in Phoenix where solar power and water-saving features cut operational costs by nearly 20%.6.

Much like by the end of this decade, I will take those same steps to become even less involved with work and have more times with my kids who will be really developing and that will be my focus.The difference once I made money, and was able to make it make money for me I de-risked by eliminating leverage.

., and I still love Cook County because I have a solid team and underwrite deals properly.I think @Paul De Luca nailed it on the head, though - it seems like you are quite risk-adverse, so maybe given your risk tolerance, it's not the best idea, but if it were me, I would not think twice about it, and find a rock start property manager who knows exactly how to vet tenants.

It’s been a dream of mine since having the cake and ice cream at the Charcoal Pit in DE.

@Sofia De Santos Tavarez if you haven't already, have the property professionally inspected.This should catch MOST of the structural, health & code issues - but not all.

I don't see any reason why you would go to Miami, where the above problems are likely very similar, but there is even less cash flow to de-risk most investments, and it is not your backyard. 

Over rehab de property and it wasn't the ideally neither

In General:The statutory exception applies only to joint ventures (but not a separate entity) between spouses and also requires that Each spouse materially participate in the business of the joint venture and That both spouses elect disregarded entity (DE) treatment.QJV treatment is available to spouses in any jurisdiction (community law state or not) provided the requirements of the statute are satisfied.Regarding LLC: Non-community: LLC with husband and wife cannot elect to be taxed as qualified joint ventureCommunity State: Husband and wife LLCPer Rev.

The City could also require solar power.