You'll find a ton of kind, supportive, and helpful people here.Are your existing 7 properties currently in Chicago? 

Early house hackers often start small, learning property management firsthand.

How much confidence do you have in yourself to attract guests to your property?

I'm still awaiting receipt of November's rent from Wake County Housing Authority for a property in Raleigh, NC - that I manage on behalf of a client, who I aided in buying the property as his Realtor. 

Hi, I have a landlord's policy with Farmers Insurance; the rental property is a single-family. 

You mention using the funds as a down-payment on a property. 

I’m on the lookout for commercial real estate or land opportunities around Innovation Park in Mesa del Sol, Albuquerque.

Ensure you research local market conditions to ensure your fee aligns with property values, usually aiming for $5–$20k or 5–10% of the property’s ARV.

A CT licensed atty will need to be used to close the sale of the property. 

To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.