This is different if you own a 100 unit complex and need an onsite manager, you hire the person knowing they are hired as an employee and will have a place to stay while they are there..

Quote from @Chris Seveney: Quote from @Stuart Udis: I continue to see more and more posts suggesting real estate investors should go from buying 2-4 unit buildings to buying larger apartment complexes.

Form an asset protection plan that's so complexed it must be described in flow chart form and must include a Wyoming LLC, otherwise what's the point if they aren't "anonymous"?

My goal is to leverage my wholesaling experience to learn the ins and outs of the industry, and eventually scale up into more complex investment strategies.

However, this approach might add complexity, such as additional tax filings, self-employment taxes, and administrative costs.

Hi there,Given the complexity of your situation—owning a rental property in Florida while residing in Illinois, house hacking with your daughter, and planning to claim tax breaks—it might be a good idea to consult with a Certified Public Accountant (CPA) or an Enrolled Agent (EA) who specializes in real estate taxation.While your current tax professional at HR Block has experience with multiple properties, a specialist can offer more in-depth knowledge on multi-state tax issues, rental income reporting, depreciation, and maximizing deductions specific to real estate investments.

If you see yourself owning 2-3 apartment complexes, I would start with at least 4 units, maybe even 8-16.

Purchase price: $1,700,000 In Search of partners or buyers to build this 8 unit complex near Trine University.

With condos, sales in the same complex would be most similar. 

Hi there,It sounds like you're looking for some advice on how to navigate a complex situation with your brother and your wife.First, let's address the joint account and mortgage issues.