@Michael CliffordRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

@Johnny McKeonI feel that 7.75% on this is pretty high. 

I flipped my first house on my own in my early twenties.

If the cost is going to be high, try to negotiate a concession from the seller.

Meanwhile if this is a single family home but is in an RM1 zoning district (as an example) you can usually get a use permit (number of units is based on the lot size).

If anyone is versed on tax benefits or implications I'd be interested in hearing that as well. 

I've been on this platform and learned so much from fellow investors.

Before final K1 they just get carry forward.Since they are now allowed, they go to sch1 line5 (from schE line 41) and now they can offset active income (I get pension so line t on schedule 1)Would love to get confirmation @Michael Plaks @Bruce D.

I'm looking for recommendations on:- Experienced attorneys or firms that specialize in forming LLCs and trusts in Wyoming and Illinois.- Insights on the best practices for structuring these entities for optimal asset protection and tax efficiency.- Any potential pitfalls to watch out for during this process.If anyone has navigated a similar setup or has referrals to professionals who can help, I would be extremely grateful for your input!

This team consists of an Investor Focused Agent, Lender, Contractor, and PM.Read this article on the "core 4".