The main criteria is consistency with adopted plans.

It’s fantastic that you’re diving into real estate investing.. especially multifamily properties, which can be a powerful way to build wealth and generate consistent cash flow.

It depends on your goals—if you're focused on growth, Cleveland might be the better choice, but if you want consistent rental income, Toledo could work well.

Do I go about doing this by performing a Quit Claim Deed?

Negotiating is a skill that needs to be practiced and consistently role played to get right.

It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.

This property has great reviews and is consistently booked.

Hi @Steven Hamilton II,I have this same question (1065 vs Schedule E)  However the partnership is between Me (as a person) and my partners LLC (which consists of him and his wife).  

Ever try to get consistent responses from a doctor or attorney, even a CPA?

So you can find better performing investment properties.