Let me know if you'd like his contact information. 

But can someone please answer this specifically:"Do I need to file in MO even though I experienced a loss in 2024?"

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

Ideally this would be a multi-family property that I can live in and rent out the other units.

I know this is a personal liability/risk question, but I'd like to focus more on usual policies and prior cases if this would be sufficient to most?

Some require that you inform tenants if you have an interest bearing account and pass the interest along. 

availability of multi-family 4. ability to write my own contracts(Go off market) 5. landlord tenant laws etc......and some others.If you plan to hold long term, think of what would be most important to this type of investing i.e All the best! 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Looking forward to seeing your growth in this business!