@Eric YuThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

In a nutshell, can I offset my gain in box10 with loss from box2 and other passive activity losses (eg.

I would advise against for residential customers, since those units are simple and have straight forward maintenance that can be covered in an annual “tune-up”.

Can I do a HELOC on the remaining equity and use that to buy a second one with the cash I have from the refi?

Some of the best skills I've learned are basic real estate math and finance —being able to analyze potential deals to see if they are feasible and can generate good profit or cash flow. 

Payment is manageable but definitely eating into the amount we can save and invest.

On the other hand, if you sell the Stockton home now, you’ll be mortgage-free sooner on the Sacramento property and can start saving or reinvesting more aggressively.If I were in your shoes (and as someone who’s seen the ups and downs of California real estate for over two decades), I’d lean towards keeping the Stockton property.

I also seen and have heard lots of debate on if Memphis' can handle such a system and if we can sustain it and only time will tell but I personally believe just one thing when it comes to this.

They are seeing the potential Detroit has for outsized appreciation as that story continues to unfold and take root as the new narrative.And they love the fact that they can still get cash flow.For a benchmark, we did 200 transactions in Detroit in 2023.

Let them out if they continue to work with you to keep the place clean and allow showings so you can find a new tenant.