Hi everyone,So here is the deal.Started a PM company 10+ years ago as a subsidiary of our turnkey company (IMO it's a tough gig selling turnkey if you don't also manage in-house)Hated the PM business for a good 5 years or so.Then one day I woke up and smelt the roses and realized that PM is not so bad after all.That of-course came at a time when things actually started to work and we actually started to "work" the systems just as they should be worked lolWe have reached a point now where it's a pretty well oiled machine other than the minor $#@% that we fix on a daily basis.The business motto is systemize, optimize and monetize which is a work in progress but chugging along.I'm confident that with the operation as it is today we are at a point where we can start to significantly scale.Organic leads are flowing in nicely and we grow at between 10-15 units per month or so.My questions are:1) How do we potentially find other "mom and pop" shops what want out of the business and we purchase to take over?

Hello, I’m in the process of obtaining a loan to buy a multi-family unit apartment.

But you can still treat it as resulting in Ordinary Income even though it is reported on Schedule E, which lets you properly report in accordance with the tax results it seems you are shooting for under the tax return loophole.If your CPA is looking at switching it between schedules to get that tax result...it sounds like they don't understand the reporting position fully and/or they just don't know how to use their own software to address it.In summary, based on what you are describing for the situation, it should go on Schedule E, with what sounds like the resulting refund of $17k.

What caught my eye about this one is the under rented unit prices..

Ned Jackson You might need 3 or more coats to fully cover.

I would use the proceeds to buy some cash flowing 1-4 units.

Quote from @Engelo Rumora:What about higher end “house hack” 4 unit?

I'm looking to purcahse a triplex or 2 unit using fha loan also live in one unit. any advice on which suburb of chicago is good to buy this type of property or where i can find that type of property spending no more than 350k. any advide will be very appreciated 

I personally invest in Columbus and own 9 units here.

One unit was vacant and I was able to fill it fairly quickly.