How do I get my money back with minimal tax liability?

Hi All,We have a prospective tenant who says they are self-employed but don't have any tax returns for the past 3 years.

Does anyone know with the recent Tax Cuts and Jobs act for 2024 if bonus depreciation of 100% has been extended to 2026 for short term rentals? 

This means that the LLC will not file its own tax return. 

My suggestion would be to come out to as many in person meets as possible (https://www.biggerpockets.com/forums/521/topics/1177645-tax-...), ask tons of questions, and figure out how to hang out with people who are doing what you want to do (add value, work for free, do anything to get that experience.What area of Chicago are you looking to invest in?

So I help investors in the process that lets them sell investment real estate and purchase replacement real estate without paying tax on the profit.  

Is Texas better than KS, it seems I saw a log of complains of the high property tax!!

If you have 2 years of landlord tax returns you should be able to count 70% plus of that income.

Because the most motivated sellers often are not in foreclosure, job loss or have a tax lien issue.And I get A LOT OF LEADS, which means I collect a ton of actual data!

Whether it's conducting market research, evaluating potential properties, or assisting with administrative tasks, I am ready to roll up my sleeves and contribute in any way possible.