then again depending on state judge has to confirm the sale and your deed gets recorded by the court. 

I purchased a 9-unit apartment complex in 2020 (closed on it in February weeks before Covid hit and everything shut down).

This means that even if you had 5 rental properties, for example, they would still give you that quote since they're trying to go after more complex tax returns/clients.

One thing he didn’t anticipate was the complexity of the reporting requiremnets, especially if he wanted investors outside his immediate circle.

I leave the marginal ones waiting, letting them know I will reach out when I have a showing date/time.At the showing, I collect their completed application (sent via PDF prior or filled out on premises), scan their photo ID and last 2 pay stubs.Then, I do some digging around online (social media, court records, Google) and if it looks like they are representing themselves to me accurately, I contact them and send them a link to do the background checks (paid by them directly to the vendor). 

Probably too late to form the more complex plans for 2021, so plan for 2022.Start an HSA plan.

A single investor purchased a building in an upscale condo complex and leased all units to Section 8 tenants.

After we drafted a bare-bones plan that considered their timeline, target rents, and capital reserves, they honed in on a medium-sized complex managed by a local group.. from what I’ve heard, these guys had impressed other out-of-state buyers before and delivered on their promises.

Going into the unknown and buying multiple SFHs/duplexes or an apartment complex OOS and my property taxes will skyrocket (property tax is reasonable thanks to Proposition 13 in CA).

I'll probably get notice of settlement while I'm in court for an eviction on a North Shore property, lol.