Some evidence I was planning to submit and talk to for the hearing are:- Independent appraisals that were certified by the State of Ohio were conducted at the beginning of 2018 support this Market Value as $218,400.- Comparable Property Values for similar quadruplexes that have sold between 2018 - 2019 in the surrounding area are right within line of the previous Market Value of $218,400 and have remained consistent year-to-date. - We overpaid for this property with what we believed the long-term value of what the property should be valued at in 10-15 years rather than what it currently was.- We also conducted a home inspection when purchasing the property that lists interior and exterior photos, as well as a detailed list of everything that was currently degrading the value of the property, including several structural issues that would need to be addressed in order to get the property to market value that we were going to submit as evidence as well.If anyone has any experience or other thoughts that would help us reduce this tax increase we would love to hear an input.

So as joint tenants with a single reporting tax return and no divorce decree I think they'd have a tough time if ever audited explaining two 1099s and two entities for 1031 purposes. 

Summarize the information on relief programs, and send it to your residents, in case some of them operate small businesses or work from home as sole proprietors or independent contractors.

You'll also need some kind of 24-hour coverage for emergency maintenance, legal and accounting support, and compliance (in most states, you have to be real estate broker - which makes you subject to State audits of your escrow accounts, etc -  to manage for other people).If you prefer to focus instead on building your real estate portfolio, or other things, then you'll eventually need to hire a third party property management company; You may be able to self manage 15 doors but what happens when you get to 50, 75, 100 doors? 

Friends looking to write and publish Real Estate related book on my own experience with FIRE (Financial Independent Retire Early).Any suggestions?

I've never been audited, but I have the piece of mind knowing I have the backup info to support my deductions.For trying to take losses on your return, first you need to figure out if you have any losses. 

Sounds like they have had a request from higher up to audit heavily their retail loans on file.

Financial independence is certainly a part of the equation, but is that aiming too low?

@Rob Kishi that is mortgage fraud- please remember that the lender who issues the loan is a licensed professional and if anything fraud related comes up on their audits, that could put them in a difficult position.

Once you have 2+ independent people on your team, they can provide not just "eyes on the ground", but also serve as checks and balances on each other.