The property sits on 0.37 acres and has lots of potential. 

Hi everyone,So here is the deal.Started a PM company 10+ years ago as a subsidiary of our turnkey company (IMO it's a tough gig selling turnkey if you don't also manage in-house)Hated the PM business for a good 5 years or so.Then one day I woke up and smelt the roses and realized that PM is not so bad after all.That of-course came at a time when things actually started to work and we actually started to "work" the systems just as they should be worked lolWe have reached a point now where it's a pretty well oiled machine other than the minor $#@% that we fix on a daily basis.The business motto is systemize, optimize and monetize which is a work in progress but chugging along.I'm confident that with the operation as it is today we are at a point where we can start to significantly scale.Organic leads are flowing in nicely and we grow at between 10-15 units per month or so.My questions are:1) How do we potentially find other "mom and pop" shops what want out of the business and we purchase to take over?

If you used that $100k to buy with hard money, you could find a value add deal and potentially move into a higher priced property or even a duplex.

I need to prepare for tax filing and potential audits, but I'm unsure if receipts for every expense are necessary.I had an incident where the PM mentioned a referral fee of $350 for a tenant, but the bill showed $400.

The ADU does not have a private entrance; you enter on the side of the SFH and they both share the same back yard.It is at the top of our budget already and needs potential mini-split HVAC added to it to bring highest Air Bnb value.

This creates opportunities for short-term vacation rentals, potentially yielding high rental income during peak seasons.3.

Selling can unlock equity for a larger building, offering diversification and potential higher returns, especially in the current strong market.

Consider expanding your search to emerging neighborhoods or suburbs, target niche markets like students or retirees for more stable demand, and renovate units for increased value and potential higher rents.

It's essential to understand the potential tax consequences before taking out a loan from a retirement account.Before proceeding with a 401(k) loan for the down payment on investment real estate, it's crucial to thoroughly research the rules and implications specific to your husband's retirement plan.

Let's break down the numbers for the multifamily property you're considering in Chicago:The multifamily property in Chicago is a potential investment opportunity with a purchase price of $580,000 and a monthly rental income of $4,200.