Being a normal person and giving someone a heads up has not bit me, yet.In addition to what the law requires, I always shoot the tenant a heads up either via text, call, or email.If they are mostly responding to email, then shoot them an email.Emojis and gifs work wonders in today's day in age.

@Joe Michaels, What a lot of investors will do is to use the 1031 exchange as @Michael Plaks said, isto actually "acquire" additional depreciable basis. 

I have seen all sides of this equation, self managing my own properties locally, but moved with the Navy 1000 miles away and managed the same rentals from afar, and had friends here in Memphis that had 18 properties and had them all with PMs with varying levels of success, some bad and some great.Self-managing brings about an additional level of responsibility that most of the time is fine, but that is not what you hire a PM for.

In addition you will be paying deed prep and recording fees.

My advice would be go for the most they will loan you as long as you're in an appreciating market and you can find a value-add. It's

These are professionals with additional training and a stricter code of ethics.

It could give you peace of mind as you focus on your family and move to your new home, without the additional stress of managing a second property from afar.Best of luck with your decision! 

The property is listed as 1001 but the additional unit is listed as 1002.

Establishing the LLC in IL first does not provide any additional benefits in this scenario.

In addition, trade policies have introduced new cost pressures, with a 10% tariff on Chinese imports raising prices on certain goods, though tariffs on Canadian and Mexican imports remain suspended until March.