K1's were distributed with the cost segregation and 100% bonus depreciation allowed in 2022 which helped offset other taxes, so that was nice.  

One thing to note is that property taxes are much higher, and the city enforces rental inspections more than any other market I am aware of.Having owned 100 unit rental portfolio's previously in numerous states, I think that DSM, and suburbs have incredible upside, but the key is management.

@Will MejiaFor taxes: the first step is to pay an accountant specializing in real estate to estimate your tax hit.

The association decides all members need to pay an additional $150 a month for 6 months to pay for the repairs.

Would that help me not to pay taxes on the sale?

Honestly it's just the price you got to pay to get a below average priced home to live here.

So it is a disregarded entity where the tax should flow to my 401k.When I try to open a business account with Fidelity, I filled their form to explain that the owner is my 401k and the manager is me.

Jackson nailed the answer to your first question.A HELOC is a line of credit using real estate as collateral.A credit card is a line using your credit as collateral (nothing).A business line of credit uses your business as collateral.A "PAL" or pledged asset line is a line of credit that uses your investments as collateral.Etc.All of them share in common that they are a line of credit; you draw what you need and only pay interest on what you use.Traditionally, lines of credit that have collateral are going to have much lower interest rates than those that don't, like credit cards, because in the event of default there is nothing to seize.

It’s a work in progress but I think it will pay off when its time to automate.

The other problem with unlevered properties is that more of the cashflow is exposed to income tax.