Under SB-9, you can have at least 2 units per lot, with a minimum of 800 square feet each.

I purchased a property in Chicago in 2024 and pay $400 a month for my water bill (unmetered).

Now if I pass that income as management fees to S-corp, I pay $3.5K (SE tax) + $800 (LLC fee) + $1700 (CPA + bookkeeping) = $6K in total.

That's the maximum amount we will pay for the note.

This is significantly lower than the mid west in the US.A really nice thing over there is that rents are often payed once per year.Dubai have a very consentrated power and decision organ which leads to very low predictability.

. - If I pay property taxes online (let's say with a credit card), will my name show up as the payor or will the trust/trustee's?

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

I pay a neighbor's kid $10 a week to roll 2 cans down to the street and back. 

Contract for deed seems ideal as you could be making payments to him, which helps him pay the mortgage and extra for his apartment/travel.

Quote from @Micah Huffman: I am considering relocating to Nashville for a job promotion that would be a 20% increase in pay possibly more.