BTW, this is all from memory, it's been a while and requirements change often.

Do you have tax returns that show you are earning money from other investments?

That written notice will transfer with the sale of the home so you can get the clock running as early as possible.You could give them the opportunity to clean up but I don't recommend it because they will eventually return to this squalor.

You must then file two (2) state income tax returns plus pay the foreign entity costs of doing business in Illinois.

Only place I know of would be to go to the individual sponsor websites and pull returns.

So after a couple of weeks dealing with the death, I returned to Pittsburgh, and take a look at the property, purchase price 23,000 and it was a little rougher then what I expected.. lots of trash, holes everywhere, nothing salvageable, ( previous squatters)...

You need to research that Florida is maybe the best for taxes.Don't forget the foreign entity tax return due when you set up your business entity in another state.

Personally, I would sell the condo and use a 1031 exchange on a larger multi-family (in a market with solid return where you're cash-flowing nicely) so you don't have to pay taxes on the condo sale. 

The one that is 13, 125 Sq. feet is a corner lot located on the intersection of veteran's memorial Dr and Elm street, with a view of the river.

Details in MLSUnits: 6Taxes: $5874 (annual)Gross Income: $48,600 ($675 per month)Net Operating Income $38,838Total Expenses: $9762Vacancy Rate: 5%Asking Price: $449KOwner pays Trash & Water______________________________________________________________Based on the expenses I am assuming that the property management is completed by the owner and that they are including ~$4K a year in insurance.I ran the numbers in my own Deal Analyzer and I added:5% of Effective Gross Income as Maintenance Expense 10% of Effective Gross Income as Property Management ExpenseBumped the vacancy rate from 5% to 10%Insurance: $3000 (annual $500 per door)Water: $3240 ($45 per door - typical in city)Trash: $1,800 ($25 per door - complete guess)$12K for improvements ($2k per door)20 year note @ 5% with 20% down (assuming full asking price)2% Closing costs______________________________________________________________My numbers show a Cap Rate of 5.7%, cash on cash return of -5.12% and -$1,668 of annual cash flow.