Obviously, non of this is legal or financial advice just for discussion on an online forum you should consult your own legal and tax professional.   

Just trying to find my niche, whether it’s wholesaling, Tax liens & Deeds, or other investments strategies I’m always down to connect with local like minded individuals to share advice and opinions 

You pay the taxes on your personal return. 

., utilities, insurance) to minimize manual data entry.Schedule automated reminders for upcoming payments to avoid late fees.Implement Vendor Management Practices:Negotiate vendor contracts to secure favorable terms and pricing.Regularly review vendor performance and explore cost-saving alternatives.Regularly Review and Adjust Budgets:Periodically review and adjust budgets based on property performance and market trends.Factor in unexpected expenses by maintaining a contingency fund.Train Staff on Expense Tracking Protocols:Provide training to staff involved in expense tracking to ensure consistency and accuracy.Establish clear protocols for expense reporting and reimbursement.Document and Analyze Expense Trends:Document and analyze expense trends over time to identify areas for cost reduction or optimization.Utilize historical data to make informed decisions on future budgets and expenditures.Stay Informed about Tax Deductions:Stay informed about tax deductions related to property management expenses.Consult with a tax professional to ensure compliance and maximize tax benefits.Conclusion:Effectively tracking expenses is a cornerstone of successful property management.

Make sure your tax pro is familiar with active duty military tax rules. 

As with most investors I am looking for vacant land that is currently owned by distressed owners that have pending tax obligations.

The two apartments are one-bedrooms each, but cover the mortgage, taxes and insurance.

With that expressed, it's my understanding I can file that with the IRS againt any potential tax return they could recieve that I would be paid back first.

I've been looking into my closing costs (~$20K) and taxes on capital gains and depreciation recapture.

This high cashflow is great, but it is being countered by slowing down my ability to get more financing for my next purchase as I typically need 1-2 years on a tax return to get rental credit from said STR when qualifying with a lender for the next purchase.