Seller loses, buyer loses, tenant gets evicted in long run, property sits with deferred maintenance during the process and neighbors don't like it, bad guys can break in...Foreclosure for an individual can cost anywhere from $90000- $250000.00 depends how long, what state, all the problems, delays... attorney fees hourly, filing fees, property taxes have to be paid...

hello, all 👋In or around Springfield, Nixa, or Ozark, Missouri, I'd love a referral for a real estate-knowledgeable tax accountant who I can get I touch with as a new small multifamily property investor.

What I truly need is an advisor capable of fleshing out my skeletal plan, critically reviewing my assumptions, and providing expert insights on portfolio management, tax implications, and potential pitfalls.

This includes budgeting for renovations, understanding your cash flow, and preparing for both expected and unexpected expenses.Legal and Tax Considerations: Consult with a legal and tax professional to understand the implications of renting out part of your home.

Texas recently passed a tax relief for property owners.  

Even if you your loan payment hasn't increased, property taxes and insurance increase.

You can live in your Residence for 2 out of 5 years and when you Sell it is Tax-free up to $250,000.

No property manager needed and you can offset your income with tax deductions.  

Loan Highlights:🏡 Smart Financing: Successfully included $31,000 in back taxes into the loan, optimizing our financial strategy.🔐 Legal Enhancements: Revised operating agreements and leases for a solid foundation.💡 Creative Fund Sourcing: Innovatively secured an extra $40,000 reserve, ensuring financial resilience.

The units were then sold as condominiums (where separate tax ID's were issued for each unit) & the buyers had no issues financing the units.