As mentioned before, please feel free to reach out to an investor friendly CPA to help with your tax situation.

Mine is at 2, but honestly could go on forever.If anyone is reading this and wants help, feel free to reach out.

The Fed is fixated with 2% inflation, but they are ignoring what is best for average Americans who are just trying to put food on the table.

So, effectively getting some of the profit tax free. 

Time for a pro and con list: Pros: consistent rent prequalified tenants higher profit margins free marketing less evictionCons: required inspection security deposits are not included delay payment before the first payment

@Camille Sola IsabellYou can buy the Illinois Residential Lease here https://www.biggerpockets.com/landlord-formsYou can get this for free if you have a Pro annual membership. 

See here: https://www.biggerpockets.com/smarterA good place to start is with the free guides, such as "The Ultimate Beginner's Guide To Real Estate Investing".

@Patrick HancockLLC's are not free and there are costs associated with LLC1) Formation costs - potential attorney fees and setup fees with the state2) Registered agent fees if the LLC is not in the state that you operate out of3) Annual fees to keep LLC active4) Bank feesThere are also additional administrative burdens with having so many LLC's.

Feel free to message me and I can point you in the direction of a few other options. 

This is an open-book situation where we really are free to decide where we want to be.