Otherwise a simple $50 late fee penalty in the lease should cure you of this issue @Phil Shelton

Most states have relatively low fees.

HH properties (and often HH clients) are high resource utilization accounts for a PMC, so many PMCs won't take them on, or will only take them on with the understanding that the property will be converted to a single-lease property (we do still use this approach.) 

This will likely be part of a 1031 exchange, with plans to purchase by spring or summer 2025, before the fall semester.Thank you!

Is this what you're looking for?

However, I’m confused about how it relates to small business income.

Why do you think you have to buy this third property in cash?

I started out losing money because of employee salary and office space, but we quickly grew enough units that it paid for itself and then became profitable within a year.If you want to pursue this, I recommend finding an existing PM company that wants to sell.

This is my first time filling up a unit and I'm out of state.

Here’s to finding great opportunities and hitting your goals—excited to see where this journey takes you!