Short answer:  it is baked into the business model.Long answer:It seems you may be overly concerned on the transitory nature of apartment renters versus single family renters. 

Great questions to get answers to ahead of time.  1. 

You would be better off asking this question on the Tax forum where several tax accountants, including myself, answer tax questions: https://www.biggerpockets.com/forums/51-tax-legal-issues-con...Short answer is that you (your LLC, to be more specific) will need to issue your relatives form 1099-MISC, and they - rather than you - will owe taxes on their portion of the profit.

Quote from @Ashish Acharya: @Adam Ashley, Great answers so far, and yeah, totally fair question, the Bay Area is one of the hardest places to make traditional BRRRR numbers work.From a tax angle, a lot of investors here pivot their strategy instead of walking away from the market entirely.

No matter which brokerage you choose, you should be prepared to generate your own leads (the only way to build a sustainable business) and find answers to your own questions/challenges/dillemas, etc.

Most PM's do not answer the phone because they are terrible.

When the property is sold, the depreciation recapture rules will apply, reducing your tax basis and potentially increasing your taxable gain.This sounds like it is straight out of chat gpt and does not answer my question. 🤣  Completely agree

How much is enough is a great question and the answer is personal and different for everyone.

Well explained @Alan Asriants1031 is the obvious answer.

Hi @Mark SorecoWelcome to the BP community :-) It sounds like you've hit the exact ceiling many operators face: moving from owning a property to building a portfolio.Others have already given you good answers to your three questions.