I’m here to help build my team. include my realtor tax professionals And everything I’ll need to buy my first multifamily unit and then add additional ones thereafter Hi Aaron, that is a wise decision!

You will receive most if not all your benefit in year 1.Year 1 is where you will spend money furnishing the house and potentially taking bonus depreciation via cost segregation study.Year 2 and onwards, assuming you got a performing asset is where things will reverse tax wise and you will likely be reporting positive taxable income.

I would ask around and get quotes on how much (cost-wise) damage was done.

I see that quiet title actions can run $1K - $5K depending on the situation, so it would be wise to factor this into the decision-making process. 

If I were to sell and build the two smaller houses, I could likely fund them enough from my gains on the current rental (and a little out of pocket) so they also cashflow ~$300-400/mo each.So, at the end of the day It’d be a wash or a little loss, cashflow wise, on one house and I’d gain ~$300-400/mo on the other house.

@Isadore Nelson It all depends on what you are comfortable with risk wise, the 19134 zip code has a wide range of values.

Would it be wise to hire a real estate attorney for all of the “dirty” work?  

@Hanna Faris talk with @Bob Stevens and @James Wise

All prices have skyrocketed HOI wise. 

Real estate investments, when managed wisely, can provide a steady income stream through rental properties, potential tax advantages, and the possibility of significant appreciation in value.To maximize your success, it's essential to conduct thorough research, understand the local market, and seek advice from experienced professionals.