Whereas my other LTR rentals B,C,D,E etc, can accumulate/share deductions and losses , as well as carry over.

@Eric Fichera Buy A/B  located properties, keep up with all local permitting & licensing, use a well drafted and fair lease, don’t unreasonably withhold deposits and be a responsive landlord or hire a responsive PM and you won’t have anything to worry about.

A tenant may only be evicted on this basis if the property is being demolished or if renovations will a) substantially modify or replace a structural, plumbing, electrical, or mechanical system, and require permits, or b) remove unsafe materials, such as lead paint, mold, or asbestos, from the unit.

Hey @Pete B. - You can definitely rent out for 30+ days on airbnb with no restrictions from the city of Chicago but not sure if airbnb will let you list if you don't have a license number...curious if you figure that out please share the results.Fee Simple ownership has nothing to do with what you can do with the property....It means that you own the land and the building on it outright, and you have the right to use and dispose of the property as you please.

Quote from @Austin B.: Has anyone purchased a property from New Western?

Great to hear of another PM/GC contact in B/CS, thanks for posting Bryant!

Well I have a buyer who is looking for 30-70 units class b, 10% cap rate, 90% occupied.

I'm starting to lean towards buying B or better properties, which don't cash flow as well in the beginning, but will have better long term appreciation and attract better tenants. 

While Quickbooks is not the cheapest, it is very intuitive and saves me a little on my accounting bill because they a) don't need to do the bookkeeping, and b) it comes to them in a format they can quickly review and add to my tax filings.I believe, as long as you have fewer than 5 properties, Zillow is a free option to use.  

If your unit is more B/C class where you can attract lots of decent hard working entry level to middle class workers then I would focus on improving the units to capture those kinds of tenants and oust the trouble makers you have.