I would speak to your tax advisor on ways to potentially avoid this.

Your earning potential of $23/hr in Illinois can still provide opportunities for real estate investing.

The property includes a small house with a detached garage, offering significant potential.

Hello, I am looking for input from those who have used online rental payment applications for their tenants to pay their rent. 

I have a potential opportunity that I'd like to run past the brilliant minds of BP....I'm a sub to/wrap virgin, so be gentle.Seller is a friend and purchased this townhome direct from landlord in May of 2022 for $206,000(200,000+6k in closing costs).

The main things of not being local is finding a good property manager that handles the day to day and maintenance but most of all screening of potential tenants.

great insight. i suppose i was focused on the positives of continuity but didnt consider any potential issues or large market swings. thank you!

By partnering with other investors, you can leverage their knowledge, resources, and experiences to help you achieve your financial goals more efficiently.Here are a few potential benefits of partnering with others:Increased Capital: Partnering allows you to pool financial resources, giving you a stronger position to pursue larger investments and potentially increase your positive cash flow.Shared Expertise: Collaborating with experienced investors who have achieved similar goals can provide valuable guidance and insights.

You have to be prepared to really push yourself to extract the maximum potential value. 

I'd stated the occupancy limit on the property is 4 adults and was a bit unprepared when he filled out the application with 6 total people (himself, wife, and 4 kids).