Your advisor is right on in my book.

Any best practices or things you have found that have worked well for you?

The Airbnb paid for almost all the expenses of owning the home and my "rent" was just putting $200-300 away each month in savings for maintenance and capex.

This refers to IRS Code Section 280A which allows up to 14 days of rental income without paying at taxes.

I'm not interested in Section 8 rentals.  

I know a couple of chicago eviction attorneys who might be able to help, they also do work in dupage County.

Right now, we are on track to sell more than buy in 2024, and likely will buy less properties than in any year since I started doing this in 2017.

Best

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

Hi BiggerPockets Community,I’m heading to The National Due Diligence Convention in Houston this weekend.