Hey, This is a unique situation, I purchased my second property in June 2024, a single-family home that used to be a duplex, and is still zoned as a duplex ( remains 2 addresses).

@Joseph Braunthis is not unique to Baltimore, i think this is a feature of many cities, including most rust belt cities. 

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

Hi everyone,I have a unique situation wherein we placed 3 properties (all located in maryland, baltimore city) into an S corp and looking to transfer at least 2 of the properties out of the LLC into a multi-member LLC partnership.1)  are we subject to transfer taxes or fees for the transferring?

My unique situation has me running into dead ends.

These cities are part of the thriving Phoenix metro area, but they also have their unique appeal.

Most notably, so I can make use of them on my vacations instead of paying someone else to rent theirs ;)Happy to hear about your unique experiences!

@Jonathan Feliciano: While I respect everyone's experiences and opinions, this is also such a unique situation to you and your potential partner.My first out of college was with a group called Phillips Edison & Company.  

You'll be buying in a specific location, subject to local rental regulations and other unique factors.

It sounds like managing a portfolio in the DFW metroplex presents its own unique challenges.