Each county in the US has S8 rent limits per bedroom, set by HUD.

Therefore, your financial freedom hinges on new companies continuously moving into the city, creating replacement jobs.Companies have many options when selecting a location to set up operations.

It's set up to be accessible and appealing to your audience.

While using QuickBooks it is a mind set and you have to accept the process and procedures to use it as a real estate and property management software.

This includes all charges paid, utility accounts set up, renter's insurance established, lease signed, etc.

I'm happy to share my experience with this market if you'd like to message me to set-up a call. 

Since you are married and live in a community property state, the IRS treats your joint ownership as a single owner for tax purposes, meaning you can answer "No" and proceed with disregarded entity classification.If you want to eliminate confusion going forward, you could dissolve the current LLC and set up a new single-member LLC under one spouse’s name, ensuring automatic disregarded entity treatment without needing to file Form 1065 in the future.

So, setting aside the cash flow he enjoyed for the last 40 years, he has a profit of $305,000.  

There was no mention or remorse for past declarations, which were pretty set in stone per the loan offer and his communication.

Read "Set for Life" by Scott Trench or "The House Hack Strategy" by Craig Curelop.