My wife, on the other hand, didn’t seem to care.Today, we run a real estate agent team and manage our 26 rental units together.

Just run your numbers adequately and leave a safety cushion to CYA in case bookings drop as you adapt new rules. 

I have a property in Memphis...and frankly no matter how much I've spent on property management (have had three, all promise the sky and deliver next to nothing), I have gotten the run around by the property management team in all three cases, which has deterred me from investing further in Memphis real estate.

We develop, build, and manage Class B multifamily projects (12-200 units), handing investors like you a turnkey deal: 8-12% cash-on-cash returns, low entry costs (way below Midwest urban averages), and no management hassles since we run the show.

There’s no real way to create phantom losses without running into issues with the IRS, and you could end up losing important tax benefits.

If I could deploy the same amount of up front cost to purchase an up and running portfolio.My calculations tell me that I can be cash flowing much more if I spend the money on a portfolio or complex.

For the past 10 months, I’ve been doing a BRRRR house hack with my multifamily, running a mid-term rental on the second floor.I’m looking to scale up soon as I’m wrapping up the last few renovations in my unit and will be handing the keys to a lucky tenant (MTR or LTR).

That said, here is how I would proceed...For some background, I used to run an STR management company in SATX and we peaked at about 35 properties under management. 

I gave her 30k in 2024 and that was to buy a new car to replace her 15 year old Accord (which just keeps on running). 

When it was clear water was running from the unit.