@Marco Santarelli  @Jay HinrichsI apologize let me clarify by what I mean.

I mean no insult, everyone starts there.  

Buying under LLC means you're limiting yourself with financing. 5.

.” - does the last point mean that CO passive losses used in prior years (not just previous year or current year) for offsetting passive income at federal level can be used to offset CO passive income in current year if they were not used for offsetting CO passive income in prior years (because there was no CO passive income in prior years)?

@Michael SmythiesThe biggest lesson is the wild and ever changing landlord tenant laws.To your area of interest:- Tenant relations: Keep it business, stick to the lease agreement, communicate, and the golden rule.

That will keep most of it at bay. 

We wanted to do LVP throughout the house and the kitchen and bathrooms had an extra layer of plywood to raise its height so we had to manually crowbar it out, which took days and a lot of work.Aside from the flip, we didn't expect the sellers too keep changing their minds on closing date.

That owner also needs to understand what it means to NOT have a kitchen.

They stated due to regulatory changes in IL, they can no longer provide those reports for rental applications.Does this mean I no longer can do a background check in IL or is there a work around with possibly another service I can use?

At one time back in 2004 or 2005 we held about 50 notes, meaning we were receiving and depositing 50 checks per month, sending out 50 invoices by U.S.