. - most of them perform their task and "disappear" until next time.The PMC is the only team member that has to deal with a property & tenant on a daily basis.Recommend a chat with Michael as he can refer you to all of the above.

A huge worry I have is now that he has a huge personal mortgage how would that even factor into the DTI? 

Do you think it's best to buy with a licensed, or UNlicensed person?

What is my next step (what contracts etc do I need) without involving realtors so I don't have to pay extra fees to this and that person?

Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.

As far as your tax questions, I would personally refer you back to your tax advisor or refer you one if you need it.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

I personally am in industrial, but Chicago is a 1.2 billion SF industrial market.

This is a 4 day in person mastermind that digs deep into the different aspects of multifamily investing.

Hello, I have a few rental properties and I am looking for a program that tells me the overall performance once I input income and expenses.