Patrick Mueller Hey Patrick I saw your seeking a real estate agent and that you just acquired your first property in Elgin!

My rents have increased from $500 p/month to $700 per month in each unit i have renovated.

I am planning to buy and hold for 10 years and sell it for my child education and my retirement.Or if I hav the finance increase the value by building a mini commercial complex like McDonald,postal service,petrol station,etc,The location is a issue now.Either I should buy in urban or rural area.If you need any other additional info please let me know.Tonnes of appreciation

The people that call you back, schedule a follow up and increase your amount offer.  

As an aside, the tenant has also been several days late to pay rent for the last few months, but I am having a hard time faulting them due to the hardship from the increased utility bills.I'm not a shady guy and I want to make this right, I just don't know the best way to do so.

With the knowledge that I seek to gain through experience, I hope to be able to one day give back to my community and teach others the things that I hope to learn.

One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible.

@Patrick Philip You will be looking for opportunities to increase income or decrease expenses.

Due to my income falling between the $100-$150k, I am curious on how to increase the amount I can write off of the maximum $25k passive loss for active real estate investors (not sure if there is a term for this write off). 

I am seeking advice on how to turn this deal into a fair and legal win/win.I found a duplex in my target area for a fair price, but I have a couple other deals going on so my capital is tied up.