If you live in a state with its own income tax, you might be allowed to credit your Illinois tax against your own state’s income tax.

Tampa can work, but yes, taxes and insurance are higher and might keep cash flow tight.

Property taxes are 650, insurance 160, outsourced property management takes 10% of the rent, and another 10% of the rent is set aside each month for future repairs. 3750 x 0.8 = 3000. $3000 profit, minus about $2300 in mortgage, property taxes and insurance leaves about $700 cashflow, when I move out.

This is down the alley of tax liens.Yes, deduct the lien from a sale price.

I pay $875 (including principal, interest, taxes, and insurance) and rent it out for $1,625.

No personal income or tax returns are required.

You are so right about analysis paralysis 😁Not too concerned about mechanics though I would like to learn more about how to best use CRMs (specifically freedomsoft), but also would like to learn specifics regarding forming LLC structures and tax strategies 🤔

Quote from @Michael Overall: Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that? 

Yes, you will have to file the partnership tax return.

3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)