If you are considering a 1031 Exchange, 2023 may be the last year to do it.Hope this helps,…Eric Very helpful especially the added information about possible changes in the tax code thank you.

We fenced in the property, added a driveway, and painted the exterior of the house.

The unfortunate thing is that a lot of the super large PMs tend to run on super thin margins and aren't high quality.

There are operators who are looking for investors to purchase care homes and there are investors converting large properties into care homes and bringing in operators.

Knowing that would be my most realistic way to get a break on such a large purchase price. 

If a property is in an LLC you are almost guaranteed to pull names and numbers of people not associated with the building at all, maybe even tenants, which will also auto-populate the owner names and change them at will with these incorrect contacts....can be a pain to undue.Overall in my opinion, can be great for individual skip tracing to reference other data, not so much for a large batch and sole reliance.

There are large numbers of opportunities in the Bahamas and very limited access to lenders.

.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

Given that you have 3 rentals and potentially adding more, it would be wise to pay for both.

@Ryan Larsen what @Nicholas L. states is pretty true.Being a PM is NOT a high-paying, often not even a well-paying job.If you're set on that strategy, start calling up local large apartment complexes and asking if they are hiring.