However, the cashflow is unlikely to make up for the increased equity gains, reduced vacancies, tax deductions, and other benefits that come from diversifying.I recommend you build a strong foundational understanding of real estate investing.1.

For tax purposes, having LLC hold the title would be the ideal scenario.

I work a fulltime job as well and make about $13000 a month after tax.

Again, I will leave the details to your tax pro.

BTW, you must get a phila tax ID first, then a commercial activity license, and finally a rental license.Hope this helpshttps://www.phila.gov/services/permits-violations-licenses/g...https://www.phila.gov/services/permits-violations-licenses/g...https://www.phila.gov/services/payments-assistance-taxes/tax... 

If the loan is backed by the federal government, that means 20% down minimum.  

I saw the 2024 limits for giving a gift tax free is 18k..

Am looking to buy a multi unit property in Columbus and trying to estimate what the property tax would be.I checked in the Franklin county assessor website and was able to find a property tax estimator.

I thought going in that we would start an LLC but have come to learn that LLC's have very limited lending options for real estate and that our LLC would require us to file taxes as a business because there are 2 of us.

But second, you’re also making your tax free gain, taxable.