I hire all the work out.

.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

will you self manage or hire a PM? 

Based on the information, would it make sense to move forward with the 2 unit property or a 6 unit one?

They've been slowing down on hiring travel RNs, maybe med students/residents?

I’ll send you a PM. hi I would like to get your information

@Catherine Javier It's hard to say without more information, but your CPA should be able to tell you.

If you have losses that high then it is worth your money to hire a CPA to prepare your tax return.

We would need to hire a management company (found one we like, they take 30% but allow owners up to 60 days/year occupancy).

Chicago Property Management, Chicago Property Managers, Chicago Property Management Company | Straight Up Chicago Investor Podcast Thank you @Jonathan Klemm @John Warren This is some good information.