Since the trust is a disregarded entity, the benefit is bypassing  probate, not tax issues or liability concerns. 

If you live in a state with its own income tax, you might be allowed to credit your Illinois tax against your own state’s income tax.

Now consider this: all the groups people are spending fortunes to target—foreclosures, absentee owners, probate leads, tax liens—what do they have in common?

I want to start smart and scale up as I learn the ropes, but I’m personally struggling to narrow down which area to focus on.If you’ve done this before, what advice would you give someone like me?

Quote from @Terrence Adams: Hi everyone, I’m Terrence, new to rental property investing and excited to learn from this group.

After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):REAL Red Flags That Matter:The Partner Complaint TriggerDisgruntled partner files Form 8082K-1 disputesPartnership disputes leading to tax filingsReal Impact: Instant IRS attentionSuspicious Loss ClaimsLosses exceeding investmentArtificial basis inflationSudden large losses without economic realityExample: $100K investment claiming $500K lossesRelated Party GamesCircular property flipsBelow-market transfersFamily partnership schemes without substanceWatch Out: IRC §267 and §707(b) violationsDebt Engineering Red FlagsBasis inflation schemesArtificial guarantee arrangementsPartner debt shifts near year-endCritical: IRC §752 compliance matters!

One of the biggest lessons I’ve learned: if the sliding door is broken, call a sliding door specialist.

Quote from @Fred Scott: Sunrise Capital Investors - Mobile Home Park Investment FundI've seen a few posts about them here but none of them actually talks about what the actual annual returns have been.They are advertising heavily for passive tax deductions which is fine but what are the actual returns over a period of (say) five or ten years?

2024 will go down as, "The Year of Taking Action".
Getting back in the game came with some challenges. Mostly, the challenges were related to having the wrong mindset about taking action.
Measuring the input is the...

But since you are new and learning, don't decide on what it has to be.