We just acquired an existing duplex in Fort Lauderdale and planning on tearing it down and build a new duplex instead.

My 13th hour cancellation was someone who had booked for 3 weeks and after a week announced that her plans had changed and she was leaving the following morning.

We've developed a solid plan to continue growing, but I’m looking to create systems that will enhance our efficiency and help scale our operations.

We just love the country and plan to visit often and figured why not expand our business into Japan.

Quote from @Patrick OHalleran: Hi David - I used HallCPA for a Consulting engagement (about $5k) and found the tax planning support to be very helpful. 

.✅ Hands-On Experience – If you plan to grow your real estate portfolio, managing tenants yourself can teach you valuable lessons about leases, maintenance, and local rental laws.✅ More Control – You’ll personally handle tenant screening, rent collection, and property upkeep, ensuring everything is done to your standards.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.

Since you only have 2 full time and two part time staff, who covers their vacations and sick time?   

That is our plan with all but 1 property. 

@Olga DaiselI think we are lacking some key details of your plan.

Future enhancements include the planned Silver Line rail alignment with nearby stops, as well as potential commuter bus services, pedestrian paths, and bike lanes.The development benefits from proactive rezoning by the city, transitioning the land from industrial to mixed-use urban development.