But it's also true that this had been open space provided to the community for the better part of a century and now it was fenced off with not even a path or sidewalks around most of the perimeter. 5.

Step up in basis to reduce your heirs' taxes and morePlus the real estate tax "deferral" can end up being permanent if played correctly

Here in TN we issue POQ within a couple of days of rent being overdue, usually giving them 14 days to correct before official eviction proceedings start.

Finds (1) half of what plaintiffs told him is incorrect or untrue; the potential defendant has filed all the correct paperwork for Reg D and hence has “statutory” protection against almost all but fraud; unlike what the plaintiffs believe and told the attorney the risks WERE disclosed to them, NO specific return was promised them; and the defendants have not stopped communications; they merely grew tired of the 82 daily phone calls asking, accusing, and raging by the same three plaintiffs.  

You're correct, many investors think that using an experienced agent is just an extra expense.   

Therefore, if you look at history, real estate has continuously performed in an upwards fashion while, like any other investment, has experienced short lived corrections from time to time.

Correct.

Some IRS agents may still require filing Form 1065 for 2024, so be prepared to file for this year before transitioning in future years.For Question #3 on Form 8832, you are correct that it asks whether the entity has more than one owner.

They’ll handle tenant screening, maintenance, and rent collection, ensuring things run smoothly while you focus on growing your portfolio.Ultimately, starting local and self-managing is a common path for new investors, but outsourcing property management or investing remotely can work well with the right systems in place. 

@Tannia Castro - happy to chat and get you going on the right path!