Great to hear that you’re focusing on small multifamily properties as a starting point; they can offer great cash flow and help you gain valuable experience as you scale into larger investments.

I live in Naperville, Illinois and looking to invest in Brrrr propertied within a 25 radius to include towns of Bolingbrook, Lombard, Wheaton, Villa Park, Elmhurst, North Aurora, Wheaton, Glen Ellyn, Downers grove, Westmont, Schaumburg & Carol Stream areas.I am in the process of building a team of real estate agents,  licensed rehabbers, real estate attorneys, property sourcing channel providers etc.I look forward to members to assist me on my journey.Thank youSuhael Ahmed

I suppose it is possible to do it yourself but do you really want to close on a property without title insurance?  

The landlord can only deduct for actual damages, which can be physical damage to the property or lost rent.

@Matthew Turcotte I would talk to @Sergio Altomare from Hearthfire HoldingsI’ve sold Sergio several self storage properties and he and his team are doing a great job putting together investors on self storage specific deals.

What a lot of people think:Bonus depreciation is only for new properties or acquisitions.The truth:You can retroactively apply bonus depreciation to property placed in service after September 27, 2017, when the Tax Cuts and Jobs Act passed changing various rules.The IRS allows you to claim missed depreciation deductions by adjusting your current year's tax return, without needing to amend the previous year's returns.This is typically done through a change in accounting method using IRS Form 3115.

We would either keep it as a cash-flowing rental property or fix it up and move in to it and rent our house.

The property portal’s new forecasts call for national home prices to rise 2% in 2024, and just 0.9% over the next 12 months (now through September 2025).

I have properties in the city that I allow pets bc I know those tenants will be required to clean up after them per city laws.

I bought a wholesale property last January using a hard money loan with 80k in renovations.