Use a consistent naming convention - ex. 2024.03.25 Home Depot3 Maintain proper records - Contracts, Settlement Statements, Agreements, Promissory Notes etc.Additionally, you can track income and expenses consistently, using software or spreadsheets.As you scale, if bookkeeping isn't fun for you, consider hiring a bookkeeper for a couple hundred bucks per month.

The K-1s I received all show a Net rental real estate income loss on Part III line 2 as expected. 

Someone is always paying the tax man - it’s either individuals or corporations.

I would like something where I could realistically cover the mortgage with my W2 income in the worst case scenario of all the other units being vacant.

I rather not put them in but I also don't mind the extra income for the occasional phone call to the appliance technician.

@Jonathan Greene  I'm selling older properties, one recent sale was built in 1890 for example, selling all townhouses, all semi-detached, all rental condos, vacant lots (no income), and most multi-family properties. 

It is very hard to tell if we are getting paid all we are due. (3) I have been told they are more setup to handle extremely low-income areas, which doesn’t exactly describe the properties we have.They have been so unbelievably incompetent on the whole, it has made my wife and I consider just selling our properties and getting out.

Otherwise, you're looking at trying to buy the best cash-flowing property with your 1031 exchange so that you can use the monthly income stream to pay off your total debt a little bit faster.  

She also spends a lot of time just correcting their errors because pointing their errors out to them causes them to point fingers in every other direction and they take no responsibility for them.However, our corporate parent is realizing some savings, so we're stuck with this nightmare.Definitely NOT recommended.

There are specific requirements for the solo401k.You must be a business owner with no common law employees and earned income to supplement the 401k plan.