Hi all, I've been on BP since 2014 and a multifamily investor since 2019.

The combination of families looking for more space, good schools, and a quieter lifestyle has been a big driver of demand.For my investments, I’ve noticed:High tenant quality: Families or professionals relocating to suburbs like Naperville and Wheaton tend to stay longer, which helps with stability.Increased competition: It’s definitely tougher to find good deals, especially in top-tier school districts.

You can choose to report your income and expenses on Schedule C by electing to file as a Qualified Joint Venture instead of filing a partnership return.If you have created an LLC that is not in a community property state, and as husband-wife you are the only members, then you are a partnership and must file a partnership tax return unless you have elected to treat your LLC as a corporation for tax purposes.If you have created an LLC in a community property state, and husband-wife are the only members, then you are a partnership and must file a partnership tax return unless you have elected to treat your LLC as a disregarded entity or corporation for tax purposes.

100% nightmare tenant that will likely get surprise roommates and a zoo of unauthorized pets while they live there and then claim "oh I didn't know that was against the rules".

@Alex Houser You need more numbers and a proper inspection to justify the price. 

But the "art" really only comes with time in market and a deep understanding of both the market and the operations of assets.

Right now the only utility at the garage is power so basically I am starting with a frame and a roof. 

Of course they complained, and I said that I would replace with a gas hot water boiler and a seperate gas hot water heat, so they would stay. 

If you're looking at Miami, let me know, about 30%-40% of buyers here are foreign and a lot of them get loans.

This is the first time I've heard of such a thing as a land swap, especially between a municipality and a private entity.